Commercial Real Estate

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

JLL CEO Christian Ulbrich. (Getty)
National Weekend Edition

JLL explores sale of China property management wing

JLL is considering offloading one of its global businesses. The Chicago-based firm is exploring a sale of its China...

JLL explores sale of China property management wing
Dollar General CEO Todd Vasos (Retail Industry Leaders Association, iStock)
National

Dollar General thrives amid retail apocalypse

Don’t tell Dollar General that brick-and-mortar retail is dead. The retailer plans to open 1,050 new stores this year,...

Dollar General thrives amid retail apocalypse
Bill Lee (Lee & Associates/YouTube)
National

Lee & Associates founder Bill Lee dies

Bill Lee, who founded the commercial real estate brokerage Lee & Associates, died on April 5 at the age of 78. His eponymous firm confirmed the news via an obituary on its website. The...

Lee & Associates founder Bill Lee dies
The vacancy rate for regional and superregional malls is at an all-time high.  (Getty)
National

Mall vacancy rate hits all-time high

It’s not just office and residential landlords who need to worry about soaring vacancy rates. The vacancy rate for regional and superregional malls hit 11.4 percent in the first quarter of 2021, the highest...

Mall vacancy rate hits all-time high
Rudin Management’s Michael Rudin and Industrious’ Justin Stewart with 32 Sixth Avenue in Tribeca (Rudin, Industrious, Google Maps)

Rudin teams up with Industrious for flex-office play

The Rudin family is experimenting with flex-office spaces at one of its Manhattan properties. The family real estate firm...

Rudin teams up with Industrious for flex-office play
Gores Group’s Alec Gores and Dean Metropoulos with Sonder CEO Francis Davidson (Getty, Linkedin)
National

Sonder considers going public via SPAC

Add hospitality startup Sonder to the list of companies getting in the SPAC game. The San Francisco-based firm, which leases apartments and turns them into furnished, short-term rentals, is in talks to go public...

Sonder considers going public via SPAC
More companies are keeping their offices, but are downsizing those spaces to allow employees to work remotely part-time. (iStock)
National

Office landlords offer discounts to lock in leases

 Office landlords in New York, Chicago and San Francisco could be taking a hit in the next few years...

Office landlords offer discounts to lock in leases

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