Commercial Market Much Stronger Than Headlines Imply
Over the past decade, New York City has experienced a period of strong economic growth driving an increase in jobs, commercial investment, and unprecedented demand to live and work in the five boroughs. As a result of this economic expansion our commercial real estate market continues to thrive and poised for success for the remainder… Read more »
Commercial Real Estate Investing 101: How to Get Started
If you’re looking to get into commercial real estate, FortuneBuilders offers advanced and comprehensive investing education courses and guides that contain virtually everything you need to know to get started. “According to the NCREIF Property Index (NPI), “the top-performing CRE sector right now is industrial.” Comprised of warehouses, manufacturing facilities, refrigeration and storage assets, data… Read more »
Amid Slumping Sales And Tightening Regulation, Medical Assets Could Be NYC’s Real Estate Darling
Technological disruption has reshaped how healthcare is provided, along with where medical facilities are built and designed. Medical procedures and treatment are now increasingly delivered in ambulatory and outpatient centers, as opposed to hospitals, and consumers often want convenient care delivered in a retail-like environment. All these factors are good news for real estate, experts… Read more »
When It Comes to Valuing Property, There Is No Such Thing as the Perfect Model
When it comes to understanding a building’s value, you want to work with a broker that offers a practical, street-wise approach and a brokerage that specializes in developing, managing, selling, leasing and marketing commercial and industrial property. At KDA we do all of that and more. And we know how to value buildings and make… Read more »
Investors and Stakeholders Still Maintain and Strong Outlook for Long Island City
Long Island City’s commercial real estate market has seen its fair share of challenges. For years it has been flooded with luxury rental units, faced high office vacancy rates, few retailers and the very public tumult of the Amazon HQ2 deal collapse. But investors and stakeholders in the neighborhood still maintain a strong long-term outlook…. Read more »
Private Companies Have Another Year To Deal With New Lease Accounting Standards, And They’ll Probably Need It
The Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to do so beginning in their first fiscal year after Dec. 15, 2020, rather than after Dec. 15, 2019, as originally planned. BISNOW Photo by Helloquence… Read more »
The Giraffe Test
THE GIRAFFE TEST… This test is to ascertain your ability to pay attention and apply what you experience going forward. If you get one right you are doing ok if you get none right you better go for counseling. There are 4 questions. 1. How do you put a giraffe into a refrigerator? Stop and… Read more »
10 Tips for Getting Started as a New Commercial Real Estate Broker
by Grant Dolgin, Co-Vice President We’ve all heard the old saying, “Everything takes time.” While applicable to just about everything in life, it’s especially true when it comes to being a commercial real estate broker. Not only is success contingent on a number of factors that are often beyond your control, achieving profitability as a… Read more »
What’s Behind Medical Office Buildings’ Strong Trajectory
Healthcare real estate, specifically medical office buildings, are poised for further success. Medical office buildings comprise approximately 10% percent of the US office sector. These buildings are typically about 40,000 square feet and range from small physician offices to large healthcare systems. Investors are attracted to this asset class due to its stability and positive… Read more »
Moody’s National Office Market – Q3 Trends – NYC Vacancy Declined
According to Moody’s Analytics REIS National Office Market Trends for Q3: The Office vacancy rate was flat in the quarter at 16.8%. In the third quarter of 2018, it was 16.7%. Overall vacancy has declined only 0.3% in the last five years. New York City saw steady net absorption as vacancy declined 0.2% to 7.9%,… Read more »