Across major U.S. markets, elevated amounts of vacant space in office and some industrial markets present tenants with leverage to negotiate favorable lease terms. However, the window to capitalize on market dislocation may be closing.
“Layoff plans fell last month, certainly a positive sign. That said, job cuts in November have risen above 70,000 only twice since 2008: in 2022 and in 2008.
Increasing the exemption from 50% to 65% could translate into savings of up to $300 annually for the average senior.
New York recorded the lowest turnover rate among the top 50 metros, with only around 10 out of every 1,000 homes selling in the first nine months of the year.
The share of first-time buyers in the market has contracted by 50% since 2007—right before the Great Recession. The implications for the housing market are staggering.
Parcel A will deliver the first phase of housing as part of the city’s larger commitment to advance the development of approximately 1,500 new homes in Coney Island on city-owned surface parking lots near the boardwalk.
Blackstone Real Estate Debt Strategies provided the financing, the proceeds of which will be used to retire existing debt and fund future leasing activity.
Thank you to the following Members who are leading the way in the 2025 RPAC campaign
Built in 2016, Quarry Place features 61 one- and 47 two-bedroom units with condo-quality finishes and an average unit size of 977 square feet.
The Armory was designated as a New York City Landmark in 1974 and placed on the National Register for Historic Places list in 1982.
As inventory inches up and prices continue to rise, more households are being locked out of homeownership and pushed into rental markets that cannot keep up.
Over the past 16 years, Madaffari has led countless impactful initiatives supporting a broad range of causes.
Inventory is matching a five-year high, though it remains below pre-COVID levels.
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