NYC Plaza District Closes Year With Largest Average Sale Price per Square Foot & $1.5B in Office Sales
Even in a slow sales year, these office submarkets attracted top-dollar investment.
Cambridge, Mass., Maintains Title as Most Expensive Office Submarket
For the second year in a row, Cambridge, Mass., in the Boston metro was the most expensive office space location, with the top 100 being dominated by California with a third of all entries.
Essential Residential Outlook for Buyers & Sellers in 2023
The housing market has seen its fair share of ups and downs in the last couple of years. As such, both buyers and sellers are eager to learn what to expect in the world of real estate in 2023.
NYC Residential Market in Review: A Year into Pandemic, Sales Are Down 28% but Steadily Returning Since October
After a promising month of sales in July, transactions decreased in August along with the median sale price.
NYC’s Personal Guaranty Suspension Expiring This September
With the local law suspending personal liability under a commercial tenant’s guaranty set to expire in days, what’s next for small business owners?
Title Industry Pivots to Rework Consumer Closing Experience During COVID-19
Bill Svoboda of CloseSimple takes a deep dive into how the title industry has adapted to meet consumer needs during the pandemic.
New York State Passes Housing Discrimination Bill, Giving Authority to Revoke Brokers’ Licenses
August saw the passage of a new housing discrimination bill giving the New York State Department the power to revoke brokers’ licenses.
How COVID-19 Is Affecting Commercial Landlords & Tenants
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the world. The pandemic has upended the lives…
Round-Up: May 2020’s Notable Office Deals & Leases
Two months after the COVID-19 pandemic placed nearly all industries on hold, many financial markets are slowly restarting. In particular, several major office deals took place in May, proving that the situation in commercial real estate is starting to thaw. Here are the six most significant office deals and leases that took place this month….
If Glass Facades are Out, What Will NYC Skyscrapers Use?
Building designs change rapidly, with materials going in and out of fashion all the time. However, glass has been a steady favorite for facades due to its elegance and low cost. But, comments late last year by New York City Mayor Bill De Blasio regarding the banning of “glass and steel skyscrapers” have sparked conversations…
NYC Multifamily Market Slows Ahead of June 2019 Uncertainty
The overwhelming success of Democratic candidates in New York’s midterm elections places the party in its strongest state-level position in decades, perhaps the strongest since the 1930s. This has led some real estate professionals to wonder if calls for more regulations, such as increased rent stabilization, will lead to uncertainty in The Empire State’s property…
FAQ: Securing Your Broker’s Commission
NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate to PropertyShark. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients in New Jersey, Pennsylvania, Massachusetts, California, Greece, and the United Kingdom. A…
What Do Luxury Apartments Rent for in the Top 30 Largest U.S. Cities?
The past few years have seen a spectacular increase in the number of luxury apartment buildings cropping up in major cities across the country. Apart from developers investing in high-end property for the sake of better returns, growth in the luxury apartment rental sector is also prompted by demand from newly emerging renter groups. From…
East Coast vs West Coast: Which Sells More Million-Dollar Homes?
Besides the East Coast vs West Coast hip-hop rivalry of the 90s, the two coasts have long been subject to comparisons and cultural differences. When it comes to housing, they do have unaffordability and sky-high prices in common, as most of the nation’s priciest markets are located along the coasts. In many places around the…
US Homes Keep Getting Bigger: What Does This Mean for Our CO2 Emissions?
Key takeaways The top states by total CO2 emissions for the housing sector are Texas, New York, and Florida; California, the largest state in the US, ranks 6th New England states have the largest CO2 emissions per home; Hawaii, DC, and the West Coast states have the lowest emissions If US homes were an average…
Expert Interview with Ian Katz: The Appeal of Buyers’ Brokers in the New York Market
Our most recent Expert Interview guest, Ian Katz, real estate broker and founder of Ian K. Katz Group, talked to us recently about his business and the advantages of working exclusively with home buyers. To put it simply, when brokers no longer have an incentive to speed up the process or pitch a particular listing that…
Agent Interview with Diana Kosov: Find the Key Tools for Your Success
Building a real estate career can seem overwhelming, with so much to juggle. You balance a budget, navigate the contract process, research the market and market your business. All this while staying available and flexible to your clients and their needs. PropertyShark partner Leap EDU, premier real estate licensing and continuing education school, offers some insight. They sat…
Forget What Forbes Said, Here Are the Most Expensive ZIP Codes in the U.S. in 2016
Quick facts: Striking Differences When Ranking the Most Expensive ZIP Codes in the Country After carefully tracking the priciest U.S. ZIP codes for the past years, it has become somewhat second nature to us. So when Forbes released their list of most expensive ZIP codes in the U.S., something felt off. We dug deep in…
The Real Estate Hour: Rise of the Residential Rental Market
Jeff Adler, vice president of Yardi Matrix, a sister company of PropertyShark, recently gave an interview for The Real Estate Hour. Together with host Alan Feldman, Jeff discussed the current state of the US housing market and the reasons behind the rise of the residential rental market. Interview Topics: What’s behind the surging demand for…
Homebuyers: Check What Loan You Qualify for before Shopping for a Home
Matthew Garland is Director of New Development at Quontic Bank and he shared with us valuable advice for homebuyers seeking financing. According to Matthew, it is highly important to know what loan you qualify for before you actually go shopping for a home. He reminds us that the currently low interest rates mean more home…
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