Commercial Real Estate Rentals Are Heating Up
by Neil A. Dolgin This year has been a challenging one for building owners because of high inflation, rising interest rates and the increasing costs of doing business in New York City. It’s been an even tougher one for owners of vacant buildings who tried to sell their properties on the high side and waited… Read more »
Finding Good News in NYC Commercial Real Estate
by Neil A. Dolgin After a strong economic rebound for commercial real estate in 2021, data from the National Association of Realtors (NAR) indicates a slowdown in the growth of commercial real estate in 2022 resulting from the effects of the Covid-19 pandemic, rising inflation, higher interest rates, and geopolitical events that have caused a… Read more »
REBNY Report Shows New York City Construction Activity Outpacing Year-Over-Year Totals
The Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today released its Quarterly New Building Construction Pipeline Report for Q2 2022. Construction activity in Q2 2022 again outpaced historical averages. Offering good-paying jobs and essential for attracting and retaining investment, employers and residents, this construction activity represents significant progress… Read more »
This Time, Corporate Executives Mean Business On The Return To Office
Leaders at major companies across the U.S. want workers back this week, and they mean it this time. Labor Day 2022 is the latest, and starkest, line in the sand drawn yet by corporate executives who think their workers should be spending more time in the office. Companies have been trying to lure workers back… Read more »
Commercial Real Estate Is Facing a Triple Threat: Interest Rates, Inflation, and Recession
Commercial property sectors, other than office, have recovered well after the shock of the pandemic. Generational demographics and a particularly robust job market have sustained demand, and rents and occupancy are continuing to rise, albeit at a slower pace than last year. The fundamentals are good, yet property investors are appropriately nervous. They face the… Read more »
More Affordable Parts of Brooklyn, Queens See Big Rent Increases
As the average rent in Manhattan surpasses $5,000 a month for the first time, the latest report from brokerage MNS finds that even more affordable parts of Brooklyn and Queens saw some of the largest rent increases in the past month. In Brooklyn, MNS finds that average rents increased in 15 of the 16 neighborhoods… Read more »
The City is Coming Back
by Neil A. Dolgin Since the beginning of the COVID-19 outbreak eighteen months ago, New Yorkers have become all too familiar with empty office buildings and store fronts on practically every block. It’s also true that the economic fallout has heightened some already-existing trends as companies and retailers continue to grapple with how to best… Read more »
It’s a Broker’s Market
We will talk more about the commercial and industrial marketplace in additional posts over the next weeks. Right now we think this is a terrific marketplace for brokers. So we’d like to welcome the newest member of the KDA broker team, Max Duclos. As Max and our brokers canvas neighborhoods, we’re seeing an influx of… Read more »
KDA Thanks Our Staff and Brokers
“We are in the midst of a new chapter in the history of our country but it does have parallels in the past and it’s our aim to take you with us on this fantastic journey to not only survive the present but to conquer and expand your opportunities. We have the insight, the hindsight… Read more »
What We Can Learn from Lewis and Clark
by Kalmon Dolgin During breaks from business-related work and trying to maintain sanity, I have been reading the story of the Lewis and Clark expedition, Undaunted Courage. I am struck by the similarities and lessons that we can learn from this venture which took place nearly 220 years ago, yet it remains relevant to the… Read more »
Kalmon Dolgin Affiliates Inc. Named a 2019 CoStar Power Broker!
Kalmon Dolgin Affiliates, Inc.(KDA), one of the New York metropolitan region’s leading commercial and industrial real estate firms, has been named a 2019 CoStar Power Broker, the industry’s most prestigious award from CoStar Group, honoring the very best brokers and brokerages in commercial real estate. KDA won this award based on overall transaction volume as… Read more »
The squeeze on resi brokerages is forcing consolidation, cooperation
Residential firms are going lean. Call it a sign of the times that these days brokerage executives show off their smarts by pulling out financial statements and reviewing expenses line by line. “Everybody is doing that right now,” said Steve Murray, president of Real Trends, which analyzes brokerage valuations. The question is whether they’re making… Read more »