State of the NYC Area Commercial Real Estate Market

Flexibility, adaptability, and openness to new ways of working are a few recent positive changes adopted by local businesses. This can-do mindset not only bolsters company culture but also transforms the landscape of the commercial real estate market. Whereas...

Negotiating brings a new reality

Some variation across the city is evident in CRBE’s reporting across the board; landlords are open to negotiations more than ever before, with retail real estate deals closing for 14% less than the asking rent on average.  Generous concessions by landlords...

The New York retail landscape forever changed

For retail businesses who have held fast since the pandemic began, a brightening of the horizon keeps them moving forward. These retailers adopted a new approach to business and brick-and-mortar storefronts. “The retail climate has improved noticeably as New...

Last-mile delivery creates a boom for warehouse space

In its July pricing report, Green Street found the Industrial real estate sector gained 21% over a previous 5% coronavirus decline. The biggest factor? A boom in online shopping is causing an explosive need for warehouse space.   As U.S. consumers demand free and...

Good signals for Long Island office real estate

Just a few short months ago, we were facing a possible toppling of Long Island’s commercial real estate market, where office spaces outnumber all other types of commercial properties.  However, today, as businesses and workers start to negotiate a new way of...