National Weekend Edition
JLL explores sale of China property management wing
JLL is considering offloading one of its global businesses. The Chicago-based firm is exploring a sale of its China...
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
National
Dollar General thrives amid retail apocalypse
Don’t tell Dollar General that brick-and-mortar retail is dead. The retailer plans to open 1,050 new stores this year,...
National
Lee & Associates founder Bill Lee dies
Bill Lee, who founded the commercial real estate brokerage Lee & Associates, died on April 5 at the age of 78. His eponymous firm confirmed the news via an obituary on its website. The...
National
Mall vacancy rate hits all-time high
It’s not just office and residential landlords who need to worry about soaring vacancy rates. The vacancy rate for regional and superregional malls hit 11.4 percent in the first quarter of 2021, the highest...
Rudin teams up with Industrious for flex-office play
The Rudin family is experimenting with flex-office spaces at one of its Manhattan properties. The family real estate firm...
Landlords seeking millions from real estate attorney who disappeared
Three more landlords have come forward with claims that real estate attorney Mitchell Kossoff owes them hundreds of thousands...
National
Sonder considers going public via SPAC
Add hospitality startup Sonder to the list of companies getting in the SPAC game. The San Francisco-based firm, which leases apartments and turns them into furnished, short-term rentals, is in talks to go public...
National
Manhattan office market’s 25% drop is ominous sign for landlords
With offices shrinking in a post-Covid world, the world will never be the same for some landlords. The market...
National
These US real estate titans made Forbes’ 2021 billionaires list
The world minted new billionaires at a rate of one every 17 hours in 2020 — and some of...
National
Office landlords offer discounts to lock in leases
Office landlords in New York, Chicago and San Francisco could be taking a hit in the next few years...