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

New York Life building gets $410M refi

New York Life building gets $410M refi

The owners of the New York Life building at 28 East 28th Street just got a massive $410 million refinancing package. Wells Fargo provided the loan to the owners of the building, which is...

New York Life building gets $410M refi
Renderings of 555 West 38th Street and Rockrose Development's Justin Elghanayan (Credit: Rendering by Pelli Clarke Pelli)

Rockrose lands $255M in financing for Hudson Yards project

Rockrose Development appears to have the money it needs to construct a long-awaited rental tower across from the Jacob...

Rockrose lands $255M in financing for Hudson Yards project
From left: Barron Hilton, I M Pei, Jay Kriegel and Burt Resnick (Credit: Wikipedia, Getty Images, Adam Pincus)

2019 in memoriam: Lives lost, legends to remember

This year, the real estate industry said goodbye to some of its legends and adversaries, and mourned the loss...

2019 in memoriam: Lives lost, legends to remember
WeWork co-CEO Artie Minson and Managed by Q founder Dan Teran (Credit: Wikipedia, Getty Images)

WeWork plans to sell Managed by Q at major loss

WeWork is in talks to unload one of its business units at a major discount as the co-working company...

WeWork plans to sell Managed by Q at major loss
New York’s real estate market has been feeling the impact of Brexit for several years (Credit: iStock)

Brexit is happening. Will NYC’s luxury market get a bump?

Britain has voted — Brexit is back on track. The election of Boris Johnson as prime minister could bring...

Brexit is happening. Will NYC’s luxury market get a bump?
Amazon leases nearly 154 million square feet of warehouse space compared to the 4 million square feet it owns (Credit: iStock)

How Amazon became the leasing king of e-commerce

UPDATED, Dec. 28, 7:24 p.m.: In a four-story, concrete warehouse on Staten Island, 2,000 workers and hundreds of highly...

How Amazon became the leasing king of e-commerce
Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

Following a disastrous earnings report and a brief market panic, Yoel Goldman’s All Year Management might take drastic measures...

All Year eyes sale of William Vale to pay off bonds
Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

UPDATED, Dec. 5, 2019, 4:52 p.m.: Breather, an on-demand workspace company, fired almost a fifth of its staff Thursday....

Breather bloodbath: Flex-office startup fires 17% of staff
Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

For decades, city officials have periodically floated the idea of controlling commercial rents. Now, a new bill seeks to...

The bill that won’t die: Will commercial rent control finally pass?
Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

After everything that’s happened at WeWork, shareholders now have a new worry. SoftBank is delaying a $3 billion tender...

SoftBank’s $3B payout to WeWork’s investors is delayed
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