Take a look at 10 trends that are expected to shape real estate in 2020 in a report from the Urban Land Institute.
July 7, 2022
In June, the Fed raised interest rates by 75 basis points, the largest such increase since 1994. Economists expect similar hikes to follow in July and September. Higher rates mean that financing becomes more expensive, which in turn means that property owners have to extract more money from their buildings to cover costs. At the… Read more »
July 5, 2022
For decades, the value of real estate has been determined by a number of key factors, such as closeness to markets, warehouses, transport hubs and major road links. While physical real estate often has considerable utility – e.g., for the storage of merchandise, accommodating people, and retailing products – a property’s value can be significantly… Read more »
June 30, 2022
New York City Councilman Keith Powers introduced legislation Thursday that could suspend the commercial rent tax on businesses below 96th Street in Manhattan, a move designed to bring relief to retail tenants still recovering from COVID-19 losses. If passed, businesses renting space in commercial buildings won’t have to pay an effective rate of 3.9 percent… Read more »
