Mitsubishi unveils design for Japan’s tallest skyscraper
One of Japan’s largest developers has unveiled new renderings for what could become the country’s tallest building upon completion...
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
Opportunity Zone rule change seeks to entice foreign investors
Potential changes to the rules for Opportunity Zones could soon allow some foreign investors to reap major tax benefits...
Here’s how Industry City’s controversial rezoning unraveled
Industry City was once set to become one of the biggest manufacturing hubs — and, with any luck, job...
Home Depot eyes former Bed Bath & Beyond space on First Ave
Big-box retailers are playing musical stores on the Upper East Side. Home Depot, which currently leases nearly 80,000 square...
$60M mezz loan on Ian Schrager’s Public Hotel is for sale
Korean lender Shinhan Investment wants to sell its $60 million mezzanine loan on the Public Hotel in the Lower...
J.C. Penney to keep Bay Shore outpost open for now
J.C. Penney announced Thursday that the department store chain will not shutter its store at the Westfield South Shore...
NYC’s multifamily lenders see shares tumble in 2020
Despite assurances that rent collections have remained strong, share prices for community banks in New York have plummeted. Since...
Report: Office market won’t return to glory until 2025
The office market won’t reach pre-Covid levels until 2025, a brokerage report has found. The analysis by Cushman and...
Korean wave pours into U.S. commercial real estate
In April, as New York faced the darkest days of the coronavirus outbreak to date, the city’s biggest office...
Operator of Martinique Hotel in Manhattan files for bankruptcy
UPDATED, Sept. 23, 4:45 p.m.: The operator of the Martinique hotel in Manhattan has filed for Chapter 11 bankruptcy...
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