Milstein’s real estate firm extends at 545 Madison Avenue
A real estate firm is staying put in Midtown, the latest in a string of Manhattan office renewals. Ogden...
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
Fortress on chopping block as owner SoftBank bleeds
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Howard Hughes buys stake in Jean-Georges
Don’t bite the hand that feeds you. But you can certainly invest in it. The Howard Hughes Corporation purchased a 25 percent stake in Jean-Georges Restaurants, the New York Post reported. The restaurant empire...
Tory Burch staying put at Savitt’s 11 West 19th Street
If the shoe fits, keep leasing it. Women’s fashion designer Tory Burch is enjoying the fit at Savitt Partners’...
Tri-State
Montauk hotspot quietly for sale after losing liquor license
Ruschmeyer’s, a Montauk restaurant and hotel known for attracting influencers, partygoers and scrutiny from local officials, could soon have...
Chetrit, Stellar land $365M refi for UWS luxury apartment complex
The Chetrit Group and Stellar Management picked up another huge loan for one of their luxury multifamily properties —...
Teitelbaum slaps Sharpton with legal notice at Harlem HQ
Rarely has a lease renewal been so tense. Al Sharpton wants a new deal for his nonprofit, the National...
PR giant Edelman renews massive space at Resnick’s 250 Hudson Street
In-person work is getting positive spin from a major public relations firm’s latest deal. Edelman is renewing its 173,000-square-foot...
Tri-State
Rockland County “fraudster” banned from real estate
A property manager in Rockland County agreed to banishment from the real estate business in New York for milking...
Cannabis goes legit: Real estate sees green in budding industry
After its retail properties took a hit during the pandemic, Delshah Capital decided to explore a burgeoning new industry....