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

A photo illustration of Quora CEO Adam D'Angelo from a scene in the film The Matrix (Warner Bros./Village Roadshow Pictures; Quora)

“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?

 When it comes to the future of remote work, everyone and their landlord has weighed in. Owners of prime office buildings have dismissed remote...

“Our HQ will be in the cloud”: What if remote-first work is an opportunity, not a compromise?
From left: Onay Payne, Jim Simmons, Margaret Anadu and Tammy Jones (Payne by Emily Assiran)

‘Your pedigree is always questioned’: Black real estate execs push for change

From blatant racism to more subtle microaggressions, the predominantly white real estate industry can be an isolating place for...

‘Your pedigree is always questioned’: Black real estate execs push for change
McDonald’s on 220 West 42nd Street (Getty, iStock)

McDonald’s closes Times Square flagship

It’s the end of an era. McDonald’s closed its Times Square flagship restaurant and is shifting focus to its more upscale — and contactless — new location at the Bow Tie Building at 1530...

McDonald’s closes Times Square flagship
William Millichap

William Millichap of eponymous brokerage dies at 76

William Millichap, one of the founders of Marcus & Millichap, has died. The commercial brokerage said Millichap’s death followed...

William Millichap of eponymous brokerage dies at 76
Valentino store on Fifth Avenue and Valentino CEO Jacopo Venturini (Valentino, Nick Hunt/Patrick McMullan via Getty Images) 

Valentino sues to quit Fifth Ave — maybe forever

Even for Valentino, the rent on Fifth Avenue is too damn high. The luxury high-fashion boutique is suing its...

Valentino sues to quit Fifth Ave — maybe forever
Mayor Bill de Blasio (Getty)

Desperate landlord gets de Blasio’s sympathy, not much else

A landlord at the end of his rope managed to bring his tale of woe directly to Bill de...

Desperate landlord gets de Blasio’s sympathy, not much else
Mikhail Prokhorov and RXR Realty's Scott Rechler (Getty)

Nassau Coliseum shutdown throws wrench into RXR project

Billionaire Mikhail Prokhorov is closing Long Island’s Nassau Coliseum indefinitely, citing Covid-19. Prokhorov’s company Onexim Sports and Entertainment operates...

Nassau Coliseum shutdown throws wrench into RXR project
48-49 35th Street in Long Island City and North River Company's Forrest Mas (Google Maps, North River Company)

Maquette doubles space at Matsil Building in Long Island City

The full-service fine arts logistics company Maquette is doubling its occupancy at the Matsil Building in Long Island City...

Maquette doubles space at Matsil Building in Long Island City
25 Elm Place in Brooklyn (Google Maps)

Goodwill commits to its Downtown Brooklyn space for the long term

After a long search for space, Goodwill has renewed its 30,800-square-foot lease for its highly trafficked workforce development hub...

Goodwill commits to its Downtown Brooklyn space for the long term
Andrew Rigie and Bill de Blasio (Twitter, Getty, iStock)

Backlash on de Blasio plan for restaurants

Mayor Bill de Blasio will have to put off patting himself on the back for his plan to assist 100 family-owned restaurants: The eateries main trade group is denouncing it. The New York City...

Backlash on de Blasio plan for restaurants
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