commercial real estate

Converting unused office buildings into apartments or condos could ease the housing supply. But after a high-profile engineering failure, will people want to move in?

Here’s what that means for commercial real estate in the Big Apple.

More office space is being converted or demolished than is being built. But high-end office buildings are in high demand.

Big banks have been reducing their exposure to CRE, which is still grappling with high vacancy rates.

According to commercial real estate brokerage CBRE, office leasing activity had been up 23% year over year in the last months of 2024. But fears about the economy could impact companies’ plans.

The troubled office space market is showing signs of life as firms seek flexible short-term spaces for their employees’ return to work.

In desirable districts, the space glut is over. Many companies see their business, and need for working quarters, expanding in the near future.

Throughout the last year, a lot of big banks have been stocking away more cash to cover bad loans. But even though banks are concerned about the broader economy, they’re still trying to make loans where they can.

As workers settle into hybrid work routines, some employers are upgrading to nicer spaces with a smaller footprint.

A former church. A motorcycle repair garage. Some coworking space companies are eschewing the WeWork business model and are opting for a more local approach.