The commercial real estate industry has been buzzing. News of large e-commerce and logistics companies pulling back on their warehouse spaces — with giants like Amazon putting millions of square feet up for sublease — has shifted sentiments nationally. However, oversupply and lack of demand fears are not at play when it comes to the Brooklyn industrial market. In fact, I would argue that Brooklyn’s industrial market is unlike any other in the country.
Photo by Kyler Boone on Unsplash
August 4, 2023
400 new affordable apartments were announced for the Financial District this past week. Roughly a third of the new buildings at 5 World Trade Center, will be set aside for middle- and working-class New Yorkers, with 80 of those apartments earmarked for people who lived and worked near the old World Trade Center as well… Read more »
May 22, 2023
“The mortgage refinancing boom is over, but its impact will be seen for decades to come”. Fed data shows that about 14 million mortgages were refinanced during the pandemic period starting in March 2020. Some 64% were considered “rate refinances,” or homeowners looking to take advantage of lower borrowing costs. Average savings totaled about $220… Read more »
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