canvas togler
Back to all news

5 Key Medium-Term Factors Shaping Commercial Real Estate in NYC



For those of us invested in New York City’s commercial real estate (CRE) — either financially or emotionally — getting through 2020 was like processing the five stages of grief: First came denial, followed by anger, then bargaining, onto depression and, finally, acceptance.

After all, one in seven chain stores permanently closed in 2020, along with a slew of NYC institutions, including the Roosevelt Hotel and the Hilton Times Square. So, it’s little wonder that everyone from consumers to businesses and investors experienced a range of emotions as we adjusted to the new normal.

What’s more, it’s become increasingly clear that a return to normal simply will not happen. Working from home is here to stay, and hundreds of thousands of people have discovered the benefits of swapping city living for a backyard out in Hudson Valley or the Hamptons.

Therefore, as we accept that NYC commercial real estate is transitioning toward a new normal, we have to understand the key forces that will shape this evolution. So let’s explore the five most important factors affecting CRE in 2021 and beyond.

Property Shark


Join Our Email List


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact