Commercial Real Estate in New York

According to the information written about commercial real estate in New York, it could be said that commercial real estate in New York and commercial real estate industry in this time is in constantly developing and prosperity.

It’s not only that it could be said that commercial real estate in New York are in developing, but also and retail rents in New York are also in developing. Retail rents in New York are part of the commercial real estate in New York. This articles is more about retail properties in New York, so in the next text bellow for term retail properties in New York will be used “commercial real estate in New York”.

With the lasts information it could be said that commercial real estate in New York for rents are skyrocketing on 34th and 42nd streets. With this last report the commercial real estate in New York on 34th Street has change the rate very accelerated. As experts in are of commercial real estate in New York noted, the rents for commercial real estate in New York and other retail properties, are changed very fast. Actually the prices have increased for skyrocketing 82 percent in the last two years. The price is $299 per square foot. It also should to mention that these areas, streets, are famous with the branding names such as Heartland Brewery and American Eagle Outfitters, will moving and replaced with local shoes stores.

Even and more, information about commercial real estate in New York was cited in the report which gave Real Estate Board of New York, with comment that specific areas for commercial real estate in New York such as above mentioned, simply can not be intended for commercial real estate in New York for some discount stores. Also, streets are famous because of the national brand names, which for sure that don’t have any logic to be located in some close neighborhood of the stores with names such as SoHo or Upper West Side.

Also, same with this report it cited that rents for commercial real estate in New York especially retail rents of 42nd Street, has increased of almost 54 percent, which is actually $243 a square foot. Comparison has done for the rental prices of commercial real estate in New York for the same year.

At last as main reason for increasing rents for commercial real estate in New York, especially for shops and stores is more deeper that suggested report shows. Actually as explanation it could not be ascribed for pattern of vacancies. Also, it should to add that report noted very tight market of commercial real estate in New York, especially this year.

Copyright © 2006 - 2017 · All Rights Reserved · XML Sitemap · Log in