Your web browser is out of date. Update your browser for more security, speed and the best experience on this site.

Update your browser
Posted Nov 25, 2025

Understanding today’s office market: Distress, recovery, and selective opportunity

Nick Bienstock joins host Brandon Sedloff on The Distribution for a detailed conversation about his path into real estate, the evolution of Savanna, and what he is seeing across the New York and West Palm Beach markets. He reflects on early experiences that shaped his investing philosophy, the formation of Savanna’s vertically integrated platform, and the strategic discipline required to operate in complex urban environments. Nick also offers a ground-level view of today’s office landscape, including the bifurcation between high-quality assets and aging buildings, as well as the emerging opportunities driven by market repricing and renewed demand. The discussion closes with an exploration of Savanna’s major new development in West Palm Beach and the long-term demographic and economic trends fueling the region’s growth.

They discuss: 

  • Nick’s early exposure to real estate, his education, and foundational career experiences
  • The creation and long-term partnership behind Savanna, including its vertically integrated model
  • How New York’s office market has repriced, recovered, and bifurcated since COVID
  • Why institutional investors are slowly returning to office and how transactions are shifting
  • The development story and long-term thesis behind Savanna’s West Palm Beach residential project

Listen to the full interview