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Posts tagged "Commercial Real Estate"

Commercial real estate affected by multiple factors

The property industry across the country, including in New York, is going through constant change as a result of various factors. Some of the changes taking place are presenting challenges to today's commercial real estate investors, whereas others are presenting opportunities. Here is a peek at what some of these changes are and how they might affect investors in the Empire State.

More foreigners showing interest in commercial real estate

Recent research indicates that a growing number of foreign investors are interested in buying non-residential properties in the United States, including in New York. According to a study, about 20 percent of real estate agents who facilitate commercial real estate transactions closed sales with international clients last year. Furthermore, more than a third of them have seen an upswing in the quantity of foreign investors knocking on their doors.

Commercial real estate mistakes may prevent a sale

The process of selling a business property is not always straightforward. Unfortunately, common selling mistakes may make it impossible for a seller to unload his or her commercial real estate property. Here are a couple of mistakes to avoid when selling a piece of property in New York.

Blockchain technology will likely impact commercial real estate

The fluctuations that have taken place in cryptocurrency have understandably made some investors and real estate professionals nervous. However, many real estate brokers in New York and elsewhere have reason to think that cryptocurrencies will drastically change the commercial real estate market. In fact, the changes could come as soon as five to 10 years from now.

Commercial real estate deal allows NYU to expand downtown space

New York University recently completed a commercial property deal for extra space at a popular Downtown Brooklyn center. The commercial real estate transaction involves a space that spans 26,000 square feet. As a result of the deal, the university will end up occupying the majority of the building's 22nd floor.

IBM signs new commercial real estate lease in New York

IBM is expected to soon triple its presence in Union Square in New York. This is because the tech company recently signed a lease for a commercial real estate building's three floors. The area it will lease spans nearly 27,700 square feet.

More commercial real estate being used as flexible workspaces

Only about a quarter of office space throughout the United States, including New York, is used for flexible workspace options, such as co-working. However, research shows that more than a quarter of brand-new commercial real estate leases signed during the past couple of years were associated with this growing business area. This has left many real estate brokers questioning why more investors are not taking advantage of this in-demand area.

Protecting your interests with a strong commercial lease

If you own a business, you know that storefront space or just space to run the operations of your company can be hard to come by in New York City. Real estate is expensive, and you know that you need to protect your interests in every way possible when agreeing to a lease to avoid costly issues in the future.

Commercial real estate property sold for a minimum of $300M

The owner of an office tower in New York -- specifically, Manhattan -- recently sold the property for a minimum of $300 million. Apparently, the company that sold the tower is based outside of the United States and is laden with debt. The conglomerate has been on the search for commercial real estate buyers globally.