Marc Holliday: Hoteling has been around for a long, long time. So the concept of shared the hot desk we’re telling it’s decades. Is there more of it now than there was, there was a trend in that direction leading up to the pandemic. Then I think there was a trend away from that immediately post pandemic, where it was almost like forbidden because everybody I mean — remember, it wasn’t too long ago where there was like Plexiglass up between cubicles and cubicles were being separated by feet, and they were depopulating floors. So we’ve passed all that, and I think we’re now trending back to the way people thought about it. Initially, hoteling has and always has had a role, I think, in New York office, whether it’s more or less prevalent now. You can’t really say maybe see if you can, but I don’t — I mean not that I’m aware of, but it’s I’d say it’s more than it was maybe coming right out of pandemic, but I can’t say it’s more than it was in the years leading up to it.
Steven Durels: It’s also only applicable to very large tenants. If you really think about the average tenant in New York City, that’s less than 25,000 square feet, hoteling is not a viable way of them operating their business. If you’re talking about a tenant with hundreds of thousands of square feet, then it’s a conversation. And typically, where we see it, it’s very specific to certain types of industries. So sales businesses, consulting media businesses. But when you go into the big financial firms and things like that, we see it far less frequently.
Blaine Heck: All right. That’s very helpful. And then just to follow up on a couple of earlier questions. I was hoping you could just comment a little bit more in general on debt availability for office assets and landlords today? And how you expect that availability and even pricing on debt to trend throughout 2023?
Marc Holliday: Beyond the commentary we gave Yes, we touched on it a bit earlier, we think duration is slightly available.
Matthew DiLiberto: It’s widely available. And I think I just said earlier, sponsorship and building quality location will matter more so than ever. So we’re out with good product. We’re obviously a good sponsor and the feedback has been good.
Marc Holliday: I think we expect that second half of the year that you’ll see a little bit of a return of the longer fixed rate market. So again, these are pretty short — it sounds low. I mean, if you’re going to blink your eyes, you’re going to be — we’ll be sitting here on our second or third quarter conference call. And hopefully, by that point, we’ll be talking about more capacity in the market. Fortunately, we don’t have any projects ourselves geared for that kind of execution this year, right? So yes, we’re in good shape. Next question, operator?
Operator: Our next question comes from the line of Peter Abramowitz from Jefferies.
Peter Abramowitz: Just one more on the financing market because I think you talked about 919 Third Avenue and then you also have 2nd. I guess, Third Avenue or Lexington, depending on who you ask, has kind of been cited as the cutoff for how assets are performing differently by submarket with a little bit less activity, both leasing and then utilization east of that cutoff. Do you sound to me like kind of different than the conversations when it comes to that just in terms of 919 versus would it be easier to refi at a similar asset closer to Park Avenue.
