Category: Commercial Real Estate News
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Cities Explore Office to Apartment Conversions to Address Real Estate Issues
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Cities across the East Coast of the United States are examining the potential of converting vacated office buildings into apartments for people to live in. This is meant to address both the lack of availability of housing, as well as dealing with the large number of office buildings that now…
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Companies Begin to Offload Office Buildings at Deep Discounts
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Prior to the COVID-19 pandemic, office space was at a premium in cities across the country, especially in markets like New York City. However, with many formerly commuting employees now working from home, many companies have begun to offload their lower-value office buildings, often at a deep discount compared to…
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Commercial Real Estate Faces Threat From High Vacancy Rates
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The commercial real estate market has stumbled in recent months after reports of high vacancy rates left some wondering about whether a crash is imminent. A number of factors, including the continuing prevalence of work from home, as well as unfavorable conditions for refinancing, have left some companies wondering if…
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Predictions of Trouble in Commercial Real Estate Due to Failure of “Return to Office” Plans
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Some business leaders have begun to predict trouble in the commercial real estate market due to a failure to implement “return to office” strategies. This coming shock, according to some, is the result of employee reticence to return to a daily commute after a prolonged period working from home. As…
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Don’t Get Priced out of the Long Island Commercial Market
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If your client is looking for commercial real estate, then now might be the best time to get in, if they haven’t done so already. The overall Long Island commercial real estate market improved at the end of last year, thanks to a flurry of leasing activity that resulted in…