Howard Hughes to launch review process for $1.4B Seaport tower
The Howard Hughes Corporation, which has long faced pushback over its development plans in the South Street Seaport, is...
Commercial Real Estate
Commercial real estate is any property used for a profit-making, non-residential purpose.
Commercial Real Estate Q&A
What qualifies as commercial real estate?
Any for-profit, non-residential property can be considered commercial real estate. In some states, residential property with more than a certain number of units may also be considered commercial property for borrowing and tax purposes.
What is the commercial real estate industry?
The commercial real estate industry encompasses the buying, selling, leasing, financing, development and construction of commercial spaces. The top ten property owners in New York City alone hold over 546 million square feet of property and operate with an aggregate sum of $8.1 billion, according to TRD's 2019 Data Book.
Who buys and sells commercial real estate?
TRD calculates the top NYC commercial brokerages by sales annually. While individuals, groups, and small companies can buy and sell commercial real estate, brokerage firms account for many of the deals happening within the commercial real estate industry. According to TRD's ranking, 2018's top brokerages by dollar-volume sales were Cushman & Wakefield, CBRE, Eastdil Secured, HFF, and Rosewood Realty Group.
Want to know more about commercial real estate?
Check out our Top Stories below for TRD's most up-to-date coverage of commercial real estate.
The Latest
NY falls behind Dallas, LA in CRE investment as deals surge nationwide
After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick...
What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue
In early 2017, on the heels of a four-year, $65 million renovation of the trophy office building at 237...
Rent collections in market-rate apartments stagnate in October
Rental payments for market-rate apartments are holding steady from September, but down slightly from last year. The National Multifamily...
Four New York Plaza office tower hits the market
Four New York Plaza, a 22-story, 1.1-million-square-foot office building at the tip of Lower Manhattan in the Financial District,...
New York City lifts lockdown for some Covid hot spots
Lockdown is easing for some Covid-plagued areas of New York City today. Gov. Andrew Cuomo announced Wednesday that outbreaks...
Four years vacant: Landlord offers dire outlook for Soho building
Four years ago this month, a shoe shop left the prime retail space of 518 Broadway. It’s been vacant...
Hotelier Sam Chang’s businesses snagged millions in PPP loans
Properties tied to New York hotel mogul Sam Chang secured millions of dollars in government aid that was intended...
Vornado sees $100M retail JV loss, $190M in 220 CPS gains
The ultra-luxury condo tower at 220 Central Park South continues to be a key income source for Vornado Realty...
Commercial eviction and foreclosure ban extended until January
Landlords looking to boot non-paying commercial tenants will have to wait until the new year. New York’s moratorium on...