Empire State Realty Trust reports second consecutive quarterly loss
The Empire State Building’s observation deck reopened to the public three months ago, but that hasn’t been enough 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
Shvo, Deutsche Finance close on Transamerica Pyramid for $650M
A group led by Michael Shvo’s eponymous firm and Deutsche Finance America has closed on the purchase of the...
Amazon inks three warehouse deals for delivery stations
Amazon is continuing its expansion spree in New York with three new delivery stations. The e-commerce giant has inked...
Foreclosure filings ramp up, especially in minority neighborhoods
Farrah Lafontant hesitates to call herself a landlord. At least, she said, not a “corporate landlord.” Growing up in...
WeWork tells members you must pay rent
WeWork has doubled down on its demand for rent from members unable to pay, in some cases threatening debt collection if clients don’t fork over the money. Covid-related eviction moratoriums in many cities, including...
Equity Residential sees profits drop 58%
Sam Zell’s Equity Residential was hit with a 58 percent decline in income in the third quarter, with urban flight severely impacting its apartment portfolio. The REIT’s net income in the third quarter was...
NYC to allow store owners to sell wares on sidewalks
The city’s successful Open Restaurants program has inspired a similar initiative, this time for shop owners. Mayor Bill de...
Blackstone earnings are up despite commercial real estate woes
Blackstone’s bet on logistics facilities and life sciences continues to pay off despite the broader headwinds facing commercial real...
NYC’s largest multifamily lender says rent collections are at pre-pandemic levels
New York City’s largest multifamily lender said rent collections in its loan portfolio have returned to pre-pandemic levels and...
Related, Cushman & Wakefield use new app to screen workers for Covid
Some big firms are turning to a new health screening app to determine when and how to safely bring...