About Us

What We Do

For nearly a hundred years we have been on the cutting edge of change and innovation, in an industry that has increasingly demanded a more comprehensive role by its real estate firms.

We have never sought to be the biggest, we have always desired to be the best. Many in our industry feel we have succeeded.

We are a "hands-on" company. We don't believe in running the show from our New York office. You are just as likely to find us out in the field where the most creative real estate solutions are often to be found and solved.

Joseph P. Day is a complete real estate service large enough to offer the most sophisticated support and service yet we are small enough to offer the closest day-by-day attention.

In leasing, we don't merely calculate cost-per square-foot, we analyze every detail of the transaction, then sit with you at the negotiating table to surgically structure the best possible deal. Our experience and our expertise run deep and wide and cover every fundamental and creative discipline.

Our counsel is often sought in mergers and leveraged buyouts. We are a consistent force in commercial leasing, property management, real estate analysis, investment sales, and a prominent consultant to corporate and institutional America.

Our philosophy is simple: Be the best there is. For nearly 100 years it's been a philosophy that has worked, for us, and for our customers and clients.

Commercial Leasing

Leading a customer or a client through the perils and potential pitfalls inherent in the leasing of commercial space is both a science and an art. We believe nobody does it with greater professionalism or entrepreneurial skill than Joseph P. Day.

We begin with an in-depth analysis of your present and future space needs. We study your financial requirements, the corporate image you seek to project and the rate of internal growth to foresee over the next decade or more.

No two corporations will ever have the same leasing requirements and no two leasing solutions are ever identical. The list of options is almost endless: To remain in present quarters; to relocate; to consolidate; to renovate and expand; to achieve more favorable tax treatment in another borough, state, or even country.

We provide hard, dollars-and-cents, location-by-location analyses of leasing options. Because we know the rental market intimately, we can make reasonable projections as to future trends.

Once we've located the ideal space the negotiations begin. Having the expertise to evaluate the complexities of loss factors, landlord workletters, escalation and recapture clauses, sublet, or assignment, we are there to represent you every step of the way. Our job is to determine the actual cost per square foot of usable space and to secure the best possible terms and conditions.

We bring to the negotiating process and the bargaining skills of a diplomat, an insider's knowledge of the real market, and the will to succeed of the most determined entrepreneur.

In structuring the lease we address such issues as future business conditions and possibilities of future expansion or contraction in relation to space needs. We insist on going beyond standard clauses to guarantee our customers and clients maximum flexibility.

Whether it's small space requirements or millions of square feet, you may rest assured you will receive the same professional attention, the same analytical skills and the same negotiating talents to help you forge the best possible deal.

Joseph P. Day has always prided itself on the continuing relationship it develops with clients and customers. After the deal gets "done" you will still hear from us, always available to answer questions and always probing as to how we can continue to serve you.

Subleasing
From time to time companies evaluate their space requirements. Whether existing space is obsolete, in excess of their present needs, or simply not consistent with expansion plans.

Our success in subleasing is predicated on developing marketing plans that attract prospective tenants. We achieve this by investigating the space requirements of major tenants within the appropriate area. We approach industries and prospective tenants directly , as well as through targeted telemarketing, direct mail and advertising campaigns.

Day Econometrics

Real estate is more than bricks and mortar and cost-per square foot.

It is one of corporate America's richest assets.

Helping to turn these assets into more productive profit centers is one of the crucial roles performed by Joseph P. Day Realty Corporation.

We call it Real Estate Econometrics. It is quite different from the ordinary consulting services performed by others.

Instead of merely telling a client what's wrong, we seek to find imaginative, creative and often unexpected alternatives to asset management.

We then set out to implement these solutions. . . to design a course of action. . . a step-by-step, detailed plan to transform the property or space into a more powerful profit source.

Consultants deliver a quantitative analysis of the property and its apparent market. They will define that market, analyze absorption rates, and provide pro forma projections. And then they go home.

For us, this is the only the beginning. Our qualitative analysis broadens the scope to include all potential markets, defines new methods of market penetration and uncovers the most logical end users.

We accomplish this by a variety of means: devising alternate uses, creating feasibility models; re-directing the marketing program; creative refinancing; proposing physical alterations, etc.

Our analysis expands the asset beyond the status quo. It seeks new more imaginative methods of asset enhancement.

It is not a service performed in the air-conditioned comfort of our home office. It is an on-site, action-oriented technique for uncovering hidden, underlying values. It is the ability to orchestrate greater performance.

Among our clients we number leading financial institutions, corporations, trustees and merger and acquisitions specialists.

We are one of the few firms expert in analyzing the liquidation value of real estate assets within specified time frames, and preparing appropriate financial summaries to support that evaluation.

Perhaps most important, we are in a unique position to provide objective, unbiased counsel. We supplement, reinforce and add strength to in-house real estate departments. We bring to bear a disciplined yet fresh third party perspective unencumbered by corporate policy.

Property Management

Joseph P. Day offers owners a complete property management service that covers every aspect of building operations and maintenance. We are presently servicing properties with millions of square feet of space nationally.

We establish rigorous controls over purchasing, operation and personnel, and we continually monitor your property for compliance with the highest standards of quality as well as all codes.

To foster strong tenant-landlord relations, our trained staff intervenes in all disputes, seeking to resolve conflicts before they deepen into serious problems.

Our goal is today what it has been for nearly 100 years: A meticulously maintained and appointed building that will attract and keep the very best tenants.

 

People & Performance

In the real estate community, we occupy a very special niche. You might call us the insiders because we are close to the inner circle of corporate and institutional decision-makers . . . people who would rather utilize the discrete, confidential and highly sophisticated talents of a tightly organized consortium of real estate professionals rather than becoming lost in the bureaucracy of one of the industries goliaths.

Our people are equally special. They carry the highest credentials and have been selected with great care to provide the most expert services on every level. Dedicated, energetic and highly skilled people ready to work on your behalf.

A passion for excellence. A record of performance that has driven our firm for nearly 100 years.

This then is the Joseph P. Day Realty Corporation. A complete real estate service.

We stand ready to serve you.