NYC’s Office Return Surges, Reaching 70% of Pre-Pandemic Levels
![NYC's Office Return Surges, Reaching 70% of Pre-Pandemic Levels](https://wolfcre.com/wp-content/uploads/2024/01/nyc-office-150x150.png)
In December, the resurgence of the return-to-office trend saw average visitation rates at 350 Manhattan buildings climb to 67% of 2019 levels, as reported by the Real Estate Board of […]
Read More....Rising Retail Capitalization Rates Amid Sustained Consumer Demand
![Retail Capitalization Rates Shift Higher, Despite Enduring Consumer Demand](https://wolfcre.com/wp-content/uploads/2024/01/retail-150x150.png)
After a period of price discovery, the Philadelphia region is adjusting to a new valuation standard for commercial real estate assets. Recent transactions indicate that the higher interest rates of […]
Read More....Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan
![Gucci Parent Kering Buys Fifth Avenue Retail Property in Manhattan for $963 Million](https://wolfcre.com/wp-content/uploads/2024/01/gucci-150x150.png)
French luxury conglomerate Kering, renowned for its high-end brands such as Gucci and Balenciaga, has invested $963 million in acquiring a retail property on Manhattan’s prestigious Fifth Avenue. This purchase […]
Read More....Challenges Intensify as Office Market Faces Influx of Lease Expirations and Loan Maturities
![Wave of lease expirations, loan maturities to compound office market challenges](https://wolfcre.com/wp-content/uploads/2024/01/office-150x150.png)
An alarming number of leases are poised to expire in the next five years, posing a potential prolonged challenge for the U.S. office market. Recent analysis by CRED iQ, a […]
Read More....How New York’s New Law Impacts Projects
![Restraining retainage: Drilling down into New York’s 5% retainage law and its impact on your project](https://wolfcre.com/wp-content/uploads/2024/01/nyc--150x150.png)
In the realm of construction, retainage refers to a portion of funds withheld from payments to contractors and subcontractors until the completion of the work. It serves as a tool […]
Read More....Commercial Real Estate Sales in Philadelphia Sector Enter 2024 on a Low Note
![Philadelphia’s Commercial Real Estate Sales Enter 2024 on a Low Note](https://wolfcre.com/wp-content/uploads/2024/01/philly-sales-low-2024-150x150.png)
After enduring the slowest year for commercial property sales in over a decade in 2023, the Philadelphia region approaches the new year with cautious optimism. The initial months are expected […]
Read More....New York City Set to Update Commercial and Industrial Zoning Rules After Six Decades
![NYC Modernizing Outdated CRE Industrial Zoning](https://wolfcre.com/wp-content/uploads/2024/01/nyc-zoning-150x150.png)
In the diverse environment of New York City, outdated zoning laws have impeded growth and innovation for over six decades. In a groundbreaking initiative, the city is now striving to […]
Read More....University of Michigan Survey: Consumer Sentiment Surges, Inflation Outlook Dips
![Consumer Sentiment Surges, Inflation Outlook Dips](https://wolfcre.com/wp-content/uploads/2024/01/economy-150x150.png)
Despite concerns of an impending economic slowdown, a survey released on Friday indicates that consumers are increasingly optimistic about the economy and inflation in early 2024. The University of Michigan’s […]
Read More....Philadelphia Industrial Assets Remain Top Choice for Real Estate Investors for Third Consecutive Year
![Philadelphia Industrial Assets Remain Top Choice for Real Estate Investors for Third Consecutive Year](https://wolfcre.com/wp-content/uploads/2024/01/warehouse-150x150.png)
Despite a 57% annual sales decline in 2023, industrial properties in the Philadelphia region maintained their status as the preferred asset class. The industrial sector is poised to exhibit resilience […]
Read More....Naftali Group Files Permits for 21-Story Complex in Brooklyn
![Naftali Group Files Permits for 21-Story Tower at 1 Division Avenue in Williamsburg, Brooklyn -](https://wolfcre.com/wp-content/uploads/2024/01/21-story--150x150.png)
Plans have been submitted for a 21-story tower situated at 1 Division Avenue in Williamsburg, Brooklyn. Positioned between the waterfront and Kent Avenue, the site is in close proximity to […]
Read More....New York Stadium Set for Renovation
![New York Stadium is set for renovations](https://wolfcre.com/wp-content/uploads/2024/01/federal-reserve-5-150x150.png)
Backed by supporters and alumni of the U.S. Military Academy in West Point, New York, funding has been secured for a substantial $145 million overhaul of the Army Black Knights’ […]
Read More....Utopia Bagels to Open in Manhattan, New York
![Utopia Bagels Coming to Manhattan](https://wolfcre.com/wp-content/uploads/2024/01/federal-reserve-4-150x150.png)
Utopia Bagels from New York City has committed to a 15-year lease for its inaugural Manhattan venture, set to open this spring. Spanning 3,700 square feet, the location at 120 […]
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