Shop T'ill You Drop - Manhattan's Growing Retail Market!
February 27, 2016Manhattan is developing around 2.4MM sqft in new retail space, which means: $374,400,000 in potential new gross rent revenue for the retail market alone. Swatch and Victoria’s Secret take the biggest rents: reaching up to $35 Million in annual rent! Bulgari spends over $5,300 per square...
Read MoreShould We Be Buying or Renting in Manhattan?
February 25, 2016Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...
Read MoreFinance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)! Tax Revenues to grow to over $211 Billion due to new inventory by FY2017. Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested. Commercial property...
Read MoreRetail Property Transactions Volumes Increase by 11.8% Since the Start of 2015
February 17, 2016Average deal execution is down from 2014 Levels in 2015 but the sector continues to do well. 2014 saw significant blockbuster deals, which created a disproportioned market and unrealistic expectation in retail prices by...
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