eff Sutton’s Midtown hotel project snags Sonder as first tenant
Developer Jeff Sutton’s proposed Midtown hotel has reportedly scored its first tenant. Short-term rental provider Sonder signed on to...
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
City law protecting commercial tenants upheld on appeal
In a win for commercial tenants, an appeals court upheld the city’s key pandemic-era protection that landlords had challenged...
National
Last-mile facilities dominating industrial real estate
The last mile of the delivery chain is proving to be the most valuable one for industrial properties. A...
National
Newest unicorn is property-services startup Lessen
A historic year for proptech fundraising has produced another unicorn. Lessen, a real estate management platform that connects property...
Shokai Group picks up unsold NoMad condos for $81M
Lendlease and Victor Group have resorted to a bulk buyer to unload condo units at 277 Fifth Avenue, selling...
National
Black Friday retail traffic stuck below pre-pandemic levels
Even after the peak of the pandemic, Black Friday no longer appears to be the saving grace of retailers...
KPF expands at Tishman Speyer building after sweetener
For the second time in recent weeks, Tishman Speyer had a tenant renew at 11 West 42nd Street with...
Tri-State
New firm pays $50M for Edgewater multifamily
A new player has entered the real estate market with its first purchase of a multifamily asset in Edgewater,...
Build it and we will come: Turner Construction moves HQ to Tishman Speyer’s Spiral
Turner Construction is leasing 75,000 square feet at Tishman Speyer’s The Spiral at 66 Hudson Boulevard. The New York...
Pandemic dashed one-quarter of Trump’s NYC retail tenants
About one-quarter of the Trump Organization’s New York City retail tenants either left or closed during the pandemic, according...