News
Pharmacy Closures Reshape Retail Real Estate Across New York
The U.S. pharmacy sector is in a major contraction. This shift is reshaping prime corners and neighborhood retail nationwide, including New York. Since 2022, the largest chains have reduced store counts. Margin pressure, post-pandemic demand normalization, and theft have all played roles. Walgreens Boots Alliance announced plans to close 1,200 stores over three years. The […]
Read More....Manhattan Retail Lease Rebounds
Manhattan retail leasing continues to strengthen following its post-pandemic rebound. New data from the Real Estate Board of New York shows vacancy declining across key corridors. Fewer storefronts were vacant in the second half of 2025 compared to the prior six months. Prime districts such as SoHo, Flatiron, and Upper Madison Avenue outperformed with stable […]
Read More....Manhattan Office Leasing Drives National Market Recovery
Office leasing in Manhattan has become a key driver of the national office rebound. For the first time since 2019, tenants are taking more space than they are giving back. National net absorption turned positive in the final months of last year. Net absorption measures the difference between move-ins and move-outs. According to a recent […]
Read More....U.S. Commercial Real Estate Prices Rise as Office Sector Stabilizes
U.S. commercial real estate prices increased across major property types over the past year. Office properties led the recovery despite ongoing market uncertainty. According to the CoStar Commercial Repeat Sale Indices, value-weighted office prices rose 3.8% in the 12 months ended in December. This followed an 11.4% decline in 2024. Industrial, retail, and multifamily assets […]
Read More....Federal Reserve Pauses Interest Rate Cuts as Economic Outlook Improves
The Federal Reserve voted Wednesday to pause its recent run of interest rate cuts. The decision reflects growing confidence in economic stability and market conditions. The Federal Open Market Committee voted to keep the benchmark interest rate between 3.5% and 3.75%. The move met expectations across financial markets. This decision ends three consecutive quarter-point rate […]
Read More....Office Investment Rebounds as Sales Surge Across U.S. Markets
Office workers were not the only ones returning to the workplace last year. At the same time, investors were reentering the office market in growing numbers. As a result, building sales accelerated across the sector. Stable interest rates, improving fundamentals, and clearer pricing expectations supported the rebound. Consequently, office sales volume reached more than $56 […]
Read More....NY Retail Closures Continue but Analysts See Modest Rebound in 2026
Yet another wave of store closures has hit New York as 2026 begins. As a result, retail contraction continues to mirror national trends. Francesca’s is closing all locations, including several in major New York shopping centers. At the same time, GameStop is shutting dozens of stores across the state. Meanwhile, Saks Global’s bankruptcy has created […]
Read More....New York Real Estate Leaders Signal Optimism for Office Market in 2026
New York’s real estate industry entered 2026 with renewed confidence and positive momentum. This optimism was reflected during the return to the restored Waldorf Astoria for the sector’s biggest annual event. At the same time, industry leaders shared growing confidence in the city’s recovering office market. The Real Estate Board of New York hosted its […]
Read More....Office Leasing Increases with New York in the Lead
Office tenants signed approximately 410 million square feet of space in 2025, marking a meaningful year-over-year increase. Leasing volume rose more than 5% compared to weak activity recorded during 2024. In fact, 2024 produced the lowest office leasing totals in 15 years, excluding 2020. Momentum steadily improved throughout 2025, signaling cautious optimism across office markets. […]
Read More....Manhattan Office Leasing Surges in Q4
A version of this article originally appeared in CNBC’s Property Play newsletter with Diana Olick. Property Play explores emerging and evolving opportunities across the real estate investment landscape, from individual investors to venture capital firms, private equity funds, family offices, institutional investors, and publicly traded companies. Office leasing activity in Manhattan surged sharply in the […]
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