WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones
Sharif El-Gamal is one of the lucky ones. The founder and CEO of Soho Properties, developer of 560 Seventh...
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
Another huge round of layoffs for Knotel
Flex office company Knotel slashed its 400-person workforce by half, as the coronavirus pandemic has drained the unicorn startup’s membership base. Knotel laid off or furloughed 195 employees worldwide today, Commercial Observer reported. “Business...
Second Take: Compass layoffs and a renter-landlord relief bill
The reporters behind The Real Deal’s coverage of layoffs at Compass and a bold rent-relief bill in New York...
TRD Talks: How developers are contending with coronavirus
One called for a total shutdown of business. Another advised startups to plan for zero revenue for six months....
Cuomo’s foreclosure, mortgage moratorium has no teeth
Gov. Andrew Cuomo’s foreclosure and mortgage moratorium is little more than a strong suggestion to lenders. At a Thursday...
Brokerage stocks plunge amid market turmoil
Real estate brokerage stocks plunged Wednesday, after a market selloff prompted U.S. stocks to temporarily suspend trading. Shares of Realogy Holdings dropped 35 percent to just over $2 per share as of 2:55 p.m.,...
These projects could be held up by New York’s rezoning freeze
To stem the coronavirus pandemic, the city paused more than 100 zoning applications Monday from going through the public...
LA mayor orders a moratorium on commercial evictions
Los Angeles Mayor Eric Garcetti late Tuesday ordered a moratorium on commercial evictions for business owners who are unable...
New York City seeking sites for coronavirus triage centers
As the trajectory of the coronavirus epidemic in New York City threatens to overwhelm the city’s health care system,...
Georgetown plans 1.1M sf Hudson Yards office building
As a 10-year easement with the Port Authority of New York and New Jersey nears expiration, Georgetown Company has...
« Previous
Next »