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

Southampton Town supervisor Jay Schneiderman (jayschneiderman.com, Google Maps)

Tri-State

Southampton Town considers buying 40 acres

TRD Staff | January 24, 2022 06:04PM

Revitalization of a hamlet can be grimy business, as evidenced by Riverside’s need for a sewer district to stir redevelopment. Southampton Town is looking at buying approximately 40 acres across three parcels at 448...

Southampton Town considers buying 40 acres

Alan Feldman, chief executive officer, president & chairman of the board, Resource REIT; Stephen Schwarzman, chairman, ceo & co-founder, Blackstone (Resource REIT, Getty Images, 1000 Spalding Apartment Homes)

National

Blackstone to pay $3.7B for REIT in latest rental push

By Holden Walter-Warner | January 24, 2022 11:45AM

The Blackstone Group notched another deal this week in its continued push into the rental market. Philadelphia-based Resource REIT...

Blackstone to pay $3.7B for REIT in latest rental push

360 Kingsland Avenue in Greenpoint, Brooklyn (Google)

National Weekend Edition

Sitex Group pays $30M for Greenpoint industrial property

TRD Staff | January 23, 2022 01:00PM

Sitex Group snapped up 98,000 additional square feet of industrial property in Brooklyn earlier this month for $30 million....

Sitex Group pays $30M for Greenpoint industrial property

National Weekend Edition

Intel investment in new Ohio chip plant could reach $100B

TRD Staff | January 23, 2022 12:00PM

It’ll be a macro microchip plant. Semiconductor maker Intel announced this week that it could invest up to $100...

Intel investment in new Ohio chip plant could reach $100B

In the days after Hong Kong circulated its latest virus measures this month, several shops, bars and eateries said they would close (Geology.com, iStock)

National Weekend Edition

Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes

TRD Staff | January 23, 2022 09:00AM

Hong Kong businesses that clung to life throughout the pandemic face the end of the line as they struggle with rising operating costs, supply...

Hong Kong businesses struggle with fallout of city’s zero-Covid policy, supply chain woes

No Joke: Pete Davidson (left) and Colin Jost just purchased a Staten Island Ferry boat. (Getty)

National Weekend Edition

Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat

TRD Staff | January 22, 2022 01:30PM

They’re on a boat. “Saturday Night Live” regulars Colin Jost and Pete Davidson — arguably the two most-famous Staten...

Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat

National Weekend Edition

Vicky Ward breaks down New York State’s Trump investigation

TRD Staff | January 22, 2022 11:24AM

If you don’t have time to read through state Attorney General Letitia James’ recent filing to the Supreme Court...

Vicky Ward breaks down New York State’s Trump investigation

Lloyd's of London headquarters at Lime Street (Lloyd's of London/CC BY 2.5 - via Wikimedia Commons, iStock)

National Weekend Edition

Lloyd’s of London may exit “Inside Out” home after three decades

By TRD Staff | January 22, 2022 10:00AM

Lloyd’s of London, the 300-year-old insurer that takes on complex risks from ships to oil rigs and the legs...

Lloyd’s of London may exit “Inside Out” home after three decades

(iStock/Illustration by Kevin Rebong for The Real Deal)

NYC investment sales hit multi-year peak to end 2021

By Suzannah Cavanaugh | January 21, 2022 04:15PM

Mirroring a late-year surge observed in Manhattan, New York City’s investment sales market ended the year with a flurry...

NYC investment sales hit multi-year peak to end 2021

Tax assessments rise 9%, signaling higher bills for landlords

By Suzannah Cavanaugh | January 21, 2022 02:00PM

Tentative property tax assessments for New York City are up, reflecting the city’s recovery. For landlords, however, the gains...

Tax assessments rise 9%, signaling higher bills for landlords