Office royalty talk conversions, distress and the “downsize upgrade” trend
Between inflation, rising interest rates, and employees working from home, there have been better times to be an office...
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
Columbia Property Trust signs investment firm to 71K sf at 799 Broadway
A Boston-based investment management firm has selected Columbia Property Trust’s 799 Broadway for its first New York City office....
Boutique LES office scores blockchain firm as anchor tenant
A new, glass-encased boutique office and retail project in the Bowery has landed an anchor tenant. San Francisco-based Solana...
Refinery29 subleasing at 225 Broadway for move in with Vice
Figuring out office space is becoming a vice for a major media company. Refinery29 is subleasing 15,000 square feet...
Miki Naftali, Meredith Marshall talk development, death of 421a
As industry leaders warn that the demise of a property tax break will mean fewer affordable apartments, one developer...
National
Real estate tech is coming for your business
Ignore proptech’s advance at your own peril. That central message emerged from an afternoon panel discussion at The Real...
National
CBRE doubles down on flex-office provider Industrious
CBRE cast another vote of confidence in flex-office provider Industrious, handing the co-working startup another nine-figure sum. The company...
Rising interest rates will dampen city’s investment sales market this year
Activity in New York City’s investment sales market continued to rebound in the first quarter of 2022, but a...
George Comfort & Sons inks 62K sf tenant in Midtown
George Comfort & Sons has got the goods at its newly renovated office building in the Theater District, signing...
Tri-State
Destructive tenants driving upstate landlords to despair
Upstate landlords are fed up with tenants wrecking their rentals and getting away with it. Landlords and property managers...