The apartment sector enjoyed the quickest recovery of any commercial real estate type following the Global Financial Crisis The hope is for a similar recovery once the coronavirus pandemic comes to an...
December marked the first month since last April that the US economy lost jobs It also brought the largest one-month decline – 08 percent – in apartment rents since the start of the coronavirus pandemic Monthly rents fell by an average...
Employers are expected to continue giving employees the flexibility, at least some of the time, to work from home, even after widespread vaccinations against the coronavirus take...
The Real Deal A venture of SHVO, Bilgili Group, Deutsche Finance and BVK is looking to block Ralph Lauren’s plans to sublease 28,300 square feet of ground-floor retail space at 711 Fifth Ave in Manhattan The clothing retailer had closed its...
Crain’s New York Business Amazoncom Inc has taken occupancy of a 205,000-square-foot warehouse at 1055 Bronx River Ave in the Bronx, NY Prologis Inc owns the property, which previously was leased to Jetcom, a Walmart affiliate It bought the...
Crain’s New York Business The Girl Scouts of Greater New York is looking to exit a long-term lease for 17,500 square feet at the 12 million-sf office building at 40 Wall St in Manhattan The Trump Organization owns the property, which serves as...
Commercial Real Estate Direct Staff Report The average asking rent for ground-floor retail space in Manhattan at the end of last year was $652/sf, a 99 percent decline from 2019, according to CBRE Rents dropped by 11 percent in the third quarter,...
A total of 20 million square feet of office leases were signed in Manhattan last year, a 495 percent drop from the 396 million sf that was leased in 2019, according to CBRE That was the lowest leasing volume in the borough since CBRE began tracking...
Philadelphia Business Journal Amazoncom Inc has signed a lease for 94,000 square feet at 700 Ramona Ave in Philadelphia The online retail giant will use the vacant building as a distribution facility Last year, Amazon inked leases for more than 3...
Dallas CityBizList Bioworld Merchandising has signed a lease for 123,844 square feet of industrial space in the Dallas suburb of Irving, Texas The global manufacturer and distributor of licensed apparel and accessories, is leasing the space at TCC...
