RealtorDiaries: 'Everyone knows they can rent whatever they’re dreaming of – their ideal office – at whatever price they want, sometimes for however long they want it. Everyone wants a rock bottom cheap deal.'
Photo-Illustration: Curbed; Photos: Getty Images In this biweekly series, Realtor Diaries, we hear from the people at the center of a wilder-than-ever market. Today, an hour-by-hour glimpse into the working world of Alex, 44, the CEO of a full-service commercial real-estate brokerage company in New York City.
10 a.m. We have a tour of a new building. Nice, big, new construction with great furniture. It turns into a total emergency situation. We have a handful of brokers and tenants coming to look at 10,000 square feet, and when we get there, the entire place is flooded. A pipe burst. There’s gushing water! This is not good. It’s so hard to get tours for large spaces — the bigger companies are generally already settled in a spot — and now no one will be interested.10:30 a.m.
On the flip side, a nightmare client is a landlord who can’t be flexible, they’re out of touch in terms of rent prices, or they can’t budge because they have a mortgage and their lenders will balk. These landlords should know it’s a desert out there. I don’t want to deal with delusional people. But I will say, the eight-figure guys, they have no life. They work 24/7 and sometimes they need substances to maintain that lifestyle. They’re not taking time for themselves, and traveling, and enjoying life. They’re not taking vacations to Italy and France. I love my vacations to Italy and France.
We talk about how we’re reeling back open houses because everyone is an introvert now. WFH has changed everything forever, but I do feel there will be an upside. There will be a lot of converting of office buildings to residential; people are going to have to start investing in their buildings; landlords that don’t will be the last ones picked.
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