Buildings, Budgets, and People: David Lebenstein on Real Estate as a Workforce Strategy

In this episode of The NYC Workforce Drop, host Gregory J. Morris, CEO of NYCETC, sits down with David Lebenstein Executive Managing Director and Co-Chair of Cushman & Wakefield’s Not-for-Profit Advisory Group, for a deep dive into how real estate decisions shape the future of New York City’s workforce and nonprofit sector.Greg and David explore how questions about buying, selling, or leasing space are far more than financial considerations; they are questions about mission, strategy, and organizational survival. David draws on decades of experience helping nonprofits navigate complex real estate deals, including Manhattan Neighborhood Network’s transformation of its space into a vibrant media hub. He explains why timing is crucial in today’s market, why most nonprofits still lease rather than buy, and how enlightened developers can create win-win solutions for communities.The conversation covers the impact of remote work on space needs, the challenges of making long-term decisions in a moment of uncertainty, and the opportunity for nonprofits to leverage today’s tenant-friendly market. Greg and David also discuss the intersection of workforce development, city planning, and the “City of Yes” rezoning efforts, highlighting the urgent need for thoughtful leadership and public-private collaboration.Topics: nonprofit real estate strategy, leasing vs. buying, endowments and long-term sustainability, COVID-19’s impact on office space, community development, mission-driven decision-making, landlord-tenant dynamics, human services funding, workforce equity, affordable housing, zoning and land use, NYC real estate market trends, leadership in times of change, win-win development strategiesPublished by: New York City Employment and Training Coalition (NYCETC)Produced by: Manhattan Neighborhood Network