by Anthony | Feb 18, 2021 | 2021 Topics, Construction, First-Time Buyers, New York CIty, NJ, NJ Monthly Sales Reports, Real Estate News, Uncategorized
The surge of buyers into New Jersey’s counties adjacent to New York City has ranked them as 4 out of the top 10 for first-time buyers. The percentage of first-time buyers has now climbed to 39% nationwide; this is up from 30% reported back in 2016. The demand...
by Anthony | Feb 9, 2021 | 2021 Topics, Moving, New Jersey News, New York CIty, NJ
New Jersey, New York, Illinois, Connecticut and California topped the states with the most number of people moving out of them. States showing inbound movement included Florida and South Carolina. COVID-19 became the big trigger causing many people to move in 2020....
by Anthony | Dec 15, 2020 | commercial real estate, COVID19, Housing, Inventory, New York CIty
As the pandemic wears on, it appears that commercial real estate agents are expecting a good part of their occupancy to return back to the city. Offices will no longer be crammed with lots of employees. Social distancing, Plexiglas and remote workers will comprise the...
by Anthony | Nov 4, 2020 | commercial real estate, COVID19, New York CIty, Rentals
Another concern is that the real estate industry in general is expecting to face some hard times. New York City will depend on the revenues generated from its real estate values, which in prior years had generated approximately $30 billion in 2019. This number for a...
by Anthony | Nov 3, 2020 | COVID19, Foreclosure, New York CIty
According to a number of different studies and reports, the amount of unpaid rent by December 2020 could reach billions of dollars. This is the result of the accumulation of job losses, furloughs, closed businesses, shutdowns and lockdowns. According to some research,...
by Anthony | Oct 19, 2020 | 2020 Trends, commercial real estate, COVID19, New York CIty, NJ
The problem with a cliff is that once you accidentally fall off one, there is not much to grab onto. The current condition of New York City commercial real estate is probably looking at a cliff scenario. The pedestrian and retail traffic is just not coming back to the...
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