Where multifamily construction activity has decreased the most
Some of the largest declines occurred throughout California
In a telling measure of how much developers have pulled back from building new apartments, annual construction starts, the measure of how many units begin construction in a given y...
Chicago's office availability moving in lock-step with national average
Office availability rate in the Windy City remains unchanged over the past year
Among major U.S. office markets, Chicago's recent performance appears to be squarely in the middle of the pack.
Manhattan's office recovery has not yet extended into Brooklyn
Availability levels and leasing totals are not changing much year over year
It's clear that the New York office sector is heading toward better days, but the road to recovery has been more apparent for some than others.
Where multifamily construction activity increased the most
Midwest and Northeast saw the biggest increases in multifamily construction starts
Construction starts, the measure of how many apartment units begin getting built in a given time, have edged lower across the United States as developers respond to over-supplied c...
New York office buildings ripe for conversion are not marketing their space
Among nearly 30 buildings, only about 1.2 million square feet of convertible space is available for lease
Nearly 30 owners of New York office buildings are actively planning or holding discussions on converting their properties into apartments, with much of that space not being listed ...
New York industrial market faces glut of vacant space this year
Vacancy levels set to rise as construction completions increase
While better days are expected in New York's industrial sector, they may not arrive until next year as new supply is expected to outpace tenant demand for the fourth consecutive ye...
US venture capital fundraising ended year on a high note, thanks to AI
California companies drive deal volume in the fourth quarter
Venture capital fundraising in the U.S. bounced back in 2024, with more than $209 billion in total investments.
What to do with a vacant office building? The views are split.
Poll finds no overwhelming favorite among possible strategies for vacant office buildings
While recent improvements in office demand have provided some clarity surrounding the health of the overall sector, uncertainty still exists about what to do with the plethora of l...
Amid recent office mandates, most workers expect their companies to revisit work attendance
Poll of webinar attendees comes during a national shift to return-to-office policies
New year, new attendance policy? That appears to be the expectation among many employees, according to a recent poll among webinar attendees.
After milestone year for the New York office market, here are three things to watch for in 2025
Possibilities for 2025: tech sector resurgence, rental adjustments from new owners, uptick in renewals
With 2024 in the rearview mirror, New York office market owners and occupiers are pontificating on what's in store over the next 12 months.
Manhattan office space hits recovery milestone to start 2025
Available space dips below 100 million square feet for the first time since 2020
The good news continues to roll in for New York's office market at the start of the new year.
Manhattan office leasing sets post-pandemic record
Preliminary data shows office leasing in 2024 surpassed the previous record
It’s official: The Manhattan office market took a major step and recorded its best year of leasing since the onset of the pandemic.
New York City saw a decline in chain stores in 2024, report says
Merchandise stores take biggest hit, while food chains expand
According to a report by the Center for an Urban Future, 2024 marked the fifth time in seven years where the number of chain stores declined in New York City.
Christmas miracle: Manhattan's available office sublet space declines to levels last seen in 2020
A decline in space additions and uptick in leasing have caused sublet availability to dip
The holidays continue to bring welcome news for New York office owners.
New apartments in the Bronx set for a steep decline after 2024
Supply wave, which boosted new inventory over the past two years, is set to dissipate
Due to heavy industrial zoning, a lack of retail near buildable land, and New York City's lowest median incomes, developers have historically shied away from the Bronx.
New York City's goal for more housing continues to shrink
Mayor's original proposal called for creation of a half-million units
New York City's multifamily vacancy rate is 2.3%, making it the tightest apartment market in the nation. By comparison, the U.S. vacancy rate is 8%. While the need for more housing...
Fast-growing food delivery startup boosting Northeast retail scene
Wonder has opened nearly 30 locations over the past year
In early November, Wonder, a food delivery startup, announced it is acquiring Grubhub, a leading food ordering platform, for $650 million. The purchase was meant to align Wonder's ...
Looking to rent in New York? Some brokers say you may need a six-figure income soon
After broker fee change for apartments takes effect, critics say landlords will raise rents to compensate
Can New York rents be even more expensive? That's what some brokers predict after the New York City Council voted to ban the practice of tenants paying apartment broker fees even w...
More people continue to leave New York than move in, but that rate is narrowing
Relocating New Yorkers primarily flocked to Florida, New Jersey, Pennsylvania in 2023
New York's population loss appears to be moderating, according to new estimates from the federal government, possibly indicating that a continued push for more in-office work among...
New York's retail sector on verge of leasing milestone
Annual retail leasing on pace to exceed 10 million square feet for fourth-straight year
Never in New York's history has leasing surpassed 10 million square feet for four-consecutive years. From 2016 to 2018, retail leasing in New York surpassed 10 million square feet,...