Legal Marijuana May Not Be NYC’s Retail Real Estate Savior
When Gov. Andrew Cuomo signed a bill in late March to legalize recreational marijuana in New York state, many in the cannabis and real estate industries thought dispensaries and on-site consumption lounges might save New York City retail. But the reality will be much more complicated. New York’s adult-use marijuana program will be one of… Read more »
Life Sciences Leasing Doubled in New York City Last Year
The life sciences sector keeps proving that it’s pandemic-proof. Leasing for the life sciences sector more than doubled around New York City between 2019 to 2020, reaching its highest level in nearly a decade. All told, life sciences companies took 155,925 square feet of laboratory and other-related space around the city, the largest amount since at… Read more »
Are doc’ shops the new high street staple?
High street stores are set to be overtaken by doc shops as phenomena known as “medtail’ becomes the new retail norm. That’s according to the 2021 Retail Healthcare Outlook released by retail consultants, Tether Advisors, which predicts an acceleration of the trend in high street medical retail as a result of the COVID pandemic. Real… Read more »
How KDA Has Helped Tenants Weather the Pandemic – and Why Commercial Real Estate May Rebound Faster Than Most People Think
By Neil A. Dolgin Nearly nine months into the pandemic, the long-term impact on commercial real estate is still anybody’s guess as virtually every industry continues to feel the economic fallout. Over the past month in New York City alone where life finally appears to be returning to some normalcy, multiple hotels, including the Times… 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 »
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 »