Commercial Real Estate

NYC Rent-Stabilized Apartments in Distress
Gallery
NYC Rent-Stabilized Apartments in Distress

Blog, Commercial Real Estate

NYC Rent-Stabilized Apartments in Distress

With reduced lending options and sky-high operational costs, the rent-stabilized market in the Big Apple is facing a challenging future. While most have been focussed on the office category of the Commercial Real Estate Market CRE market, the owners of rent-stabilized apartments in NYC are experiencing a crisis as well. The strain of a restricted [...]

By adminboz|2023-11-22T17:41:43+00:00November 22nd, 2023|Blog, Commercial Real Estate|

Soaring interest rates hammer Commercial real estate by 13%
Gallery
Soaring interest rates hammer Commercial real estate by 13%

Commercial Real Estate

Soaring interest rates hammer Commercial real estate by 13%

According to the Green Street Commercial Property Price Index, commercial property prices tanked 13% from their peak in May, taking a 7.3% hit in October. Multiple CRE sectors are suffering double-digit losses; apartments, offices, healthcare facilities, and strip malls. Industrial properties fell by 17%, second only to shopping malls, which are down 24%. Still dodging and [...]

By adminboz|2022-11-15T16:12:20+00:00November 15th, 2022|Commercial Real Estate|