Vornado lays out vision for Otis Elevator Building complex
Vornado Realty Trust is moving forward with plans to expand the Otis Elevator Building as part of a new...
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
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Brodsky brings challenge to NYC Airbnb law
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How illegal Airbnbs slip through the cracks
In a three-story brick building in Queens, a couple was forced to move out of their one-bedroom rental in August because of an illegal Airbnb scheme. But they weren’t the ringleaders. They were the...
Brian Pun’s FSA Capital plans 173K sf project in Flushing
Another massive residential project is in the works for Flushing. An entity connected to Brian Pun’s FSA Capital filed...
Hedge fund finds 283K sf at Two Manhattan West
UPDATED, Sept. 27, 2022, 12:45 p.m.: Two Manhattan West remains a busy spot in Manhattan’s uncertain office market. Brookfield...
Third Avenue: The land of “leave-behind”
New York’s office market is still trying to find its footing after the pandemic crushed it. While some newer...
National
Zoning, infrastructure limits are squeezing US land supply
The latest shortage wreaking havoc on the country? Land. Developers are increasingly struggling to find suitable land for residential...
Long Island farmer turns his pitchfork on Jamestown
UPDATED, Sept. 27, 2022, 8:15 a.m.: A frothy finder’s fee has a Long Island farmer going scorched earth on...
Winter is coming: Landlords face brutal heating season
With temperatures dropping into the 40s in New York, landlords are cranking on the heat. But given the rising...