Commercial Real Estate

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

28 Liberty Street (Wikipedia)

Manhattan’s office leasing sees busiest month since January

Manhattan’s office leasing activity in July was the strongest since January, but that doesn’t mean the market is on...

Manhattan’s office leasing sees busiest month since January
Maison Kayser (Photo via Tools of Men via Flickr)

Maison Kayser may bid New York adieu

UPDATED Aug. 3, 2020: Maison Kayser’s last tweet, dated June 15, says the French bakery chain is “woven into the fabric of diverse communities around the world.” But the threads have come loose in...

Maison Kayser may bid New York adieu
Newmark’s Brian Waterman with 7 Hanover Square (Google Maps, Twitter)

Newmark nabs REBNY prize for deal with NYC Health + Hospitals

The lease deal to consolidate NYC Health + Hospitals’ six administrative offices scattered across three boroughs took almost three...

Newmark nabs REBNY prize for deal with NYC Health + Hospitals
The legislation from a City Council member introduced a bill to temporarily repeal the commercial rent tax for businesses during the Covid-19 state of emergency. (Getty, iStock)

Commercial rent tax cut introduced in City Council

With small businesses across the city closed or on the brink of failure, a Manhattan lawmaker introduced a bill...

Commercial rent tax cut introduced in City Council
Michael Rudder, James Nelson, 141 Wooster Street and 633 Third Avenue (Google Maps)

The Outlook: Industry experts break down Manhattan’s office condo market

The coronavirus pandemic put brakes on the office condominium market in Manhattan. And the recovery likely won’t be quick,...

The Outlook: Industry experts break down Manhattan’s office condo market
Peter Nicoletti and Colliers' David Amsterdam

Colliers taps JLL’s Peter Nicoletti to lead capital markets

JLL’s Peter Nicoletti is jumping to Colliers International, after the firm’s top investment-sales threesome retired this spring. The 30-year...

Colliers taps JLL’s Peter Nicoletti to lead capital markets
City Council member Keith Powers (Getty)

Pol, biz groups: Suspend rent tax, extend outdoor dining

New York City’s reopening and federal aid will not be enough to save many small businesses, so a City...

Pol, biz groups: Suspend rent tax, extend outdoor dining
Only 9 percent of workers had returned to Midtown and 8 percent to Downtown. (iStock)

Where is everybody? City workers still home

Echo, echo, echo… Although New York office buildings have been allowed to reopen, not even 1 in 10 workers have returned. The world’s largest commercial real estate servicer, CBRE, told the Wall Street Journal...

Where is everybody? City workers still home
Documents filed in court say big retailers’ lawsuits show the protections go too far — and curb landlords’ right to commercial speech. (iStock)

City protects big companies, hurts small landlords: lawsuit

In suing their Times Square landlords, Gap and Old Navy cited a city law that protects their lease during...

City protects big companies, hurts small landlords: lawsuit
Assemblymember Steven Otis (NYAssembly.gov, iStock)

State bill would soften blow for commercial tenants who break leases

Commercial landlords may soon need to follow some of the same rules that govern residential property owners when a...

State bill would soften blow for commercial tenants who break leases
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