Verizon leases 144K sf from Edison Properties in Hell’s Kitchen
Edison Properties finally got the call it’s been waiting for at a vacant Hell’s Kitchen property. Verizon signed a...
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.
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Tri-State
Ares pays $139M for NJ industrial complex
UPDATED Aug. 18, 2022, 5:30 p.m.: At a time when industrial space is as hard to come by as it has been in ages, a big player in the space made a major acquisition...
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
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Related eyeing sale of Equinox Hotel
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