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The embattled commercial-real-estate market may finally have a few things going its way, according to recent data. A Moody's analysis found declining transactions had bottomed, with year-on-year ...
The commercial real estate market is still reeling from the aftermath of the pandemic—and 2023 was a particularly bad year for the sector. Last fall, Julie Whelan, CBRE’s global head of ...
Commercial real estate has cratered after the pandemic despite a shift to hybrid work that has brought some people back to the office. Financial services giant PwC, however, said in a report on ...
The relative strength of the market is measured by the US Commercial Real Estate Index which is composed of eight economic drivers and is calculated weekly. According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy.
Operated by the state-established Central New York Regional Market Authority, the market has stayed at its current location since first opening for business under the government's umbrella in 1938. Its main entrance is a roadway that is today designated Farmers' Market Place, located at 2100 Park Street, immediately opposite the mouth of the ...
New York City is home to some of the nation's—and the world's—most valuable real estate. 450 Park Avenue was sold on July 2, 2007, for US$510 million, about $1,589 per square foot ($17,104/m 2), breaking the barely month-old record for an American office building of $1,476 per square foot ($15,887/m 2) set in the June 2007 sale of 660 ...