legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

## Chris Patsos: Embracing the Small-Business Mecca of Nyack

### Introduction

Chris Patsos, an attorney residing in Brooklyn, found himself in need of a new office space when his sub-lease in Manhattan was nearing its termination in August 2020. The Covid-19 pandemic had just been declared a global crisis, and Patsos was determined to quickly find a suitable workspace. It was his legal assistant, who happened to be a Rockland resident, that suggested Nyack as a potential location. Patsos was unfamiliar with Nyack at the time, but little did he know that this would be the decision that would not only change his professional life but also lead him to uncover a thriving small-business mecca.

### Embracing Nyack’s Appeal

Without hesitation, Patsos decided to rent office space in Nyack and opened a satellite office at 99 Main Street in September 2020. Not long after, he also reopened his Manhattan office, resulting in him splitting his time between the two locations. However, Patsos was not alone in recognizing the appeal of Nyack. The village had quietly emerged as a magnet for small businesses, attracting individuals from near and far. According to commercial realtor Adam O’Gorman, who is the exclusive broker for the St. George Hotel, leasing trends in office spaces mirror those in the residential market, with a preference for smaller spaces similar to the rising popularity of tiny homes.

### The Rise of Microbusinesses in Nyack

The village’s abundance of historic properties has become home to approximately 200 microbusinesses, as reported by Forbes. The demand for office spaces of 750 square feet or less has been steadily growing, leading to high occupancy rates in establishments like the St. George Hotel, of which O’Gorman is the broker. To cater to the evolving needs of businesses, these smaller offices often come furnished and offer flexible leasing terms, including month-to-month arrangements. This shift has also prompted Rockland residents who work in New York City to explore the idea of having satellite offices in Nyack.

### The Changing Landscape and Post-Pandemic Entrepreneurship

The post-pandemic era has ushered in several changes, and the office real estate market is no exception. With more employees opting for remote work or hybrid work models, businesses are reevaluating their office space requirements. Jason Horowitz, a broker of record for Triforce Commercial Real Estate, has observed that technology advancements have made it possible for people to be just as productive in smaller spaces. The appeal of smaller, flexible offices that prioritize work/life balance and cost savings has led to increased demand.

### Nyack: A Hub for Remote Workers and Entrepreneurs

As highlighted by Forbes, by 2023, 40% of full-time employees will either work from home or have the flexibility to work remotely. Simultaneously, the Washington Post reports a rise in entrepreneurship across the United States, with nearly 20% of adults preparing to start or already having started a business in recent years. Nyack’s downtown office complexes are experiencing the effects of these changing dynamics. Therapists and various other professionals, representing a diverse range of businesses, have flocked to Nyack during the pandemic. With its unique combination of residential areas, shops, arts, and income opportunities, Nyack has positioned itself as a prime destination for remote workers and entrepreneurs.

### A Flourishing Downtown and Civic Engagement

Nyack’s downtown area has flourished despite the challenges posed by the pandemic. The influx of professionals seeking smaller, more accessible office spaces has contributed to increased foot traffic and a thriving community. Shawn Levesque, the manager of Nyack Business Center, believes that the combination of art, restaurants, and a well-maintained streetscape has played a significant role in Nyack’s appeal to businesses and individuals alike. Jorli Pe├▒a, the owner of Main Street Coworking, has witnessed steady growth since opening her shared workspace in May 2021, catering to approximately 200 people who rent offices on an hourly basis.

### Chris Patsos: A Part of Nyack’s Vibrant Community

While Chris Patsos originally came to Nyack for its appealing office space, he quickly found himself embracing the vibrant community and local civic life. Apart from serving as a board member of the Edward Hopper House, Patsos actively participates in community-building through involvement in the Rockland Bicycling Club, Little League, and the Nyack Center. Patsos expresses his gratitude for being a part of Nyack, citing the small-town feel and the proximity to the river as key factors that have invigorated him. He considers himself fortunate to have gained dozens of new friends in the process.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link