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...
by Anthony | Aug 21, 2020 | 2020 Trends, COVID19, Housing, New York CIty, Real Estate News, Rentals
The pandemic has not only hit New York City businesses hard but it is significantly impacting the real estate market. According to Mansion Global, New York City home sales fell by 50% in July on a year-to-year basis. The pandemic seems to be having more than just a...
by Anthony | Aug 18, 2020 | New York CIty, NJ, NJ Real Estate News
As residents continue to leave the high-density urban areas such as New York City for areas less populated and with lower rates of virus infections, they’re finding places such as the suburbs of New Jersey and upper New York. National figures have been slow to...
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