{"id":25419,"date":"2017-01-26T10:17:48","date_gmt":"2017-01-26T14:17:48","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=25419"},"modified":"2017-02-07T10:45:57","modified_gmt":"2017-02-07T14:45:57","slug":"20170126cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/","title":{"rendered":"CRE Pros\u2019 Predictions for 2017: Best Bets Are on Brooklyn, While Midtown Retail Is Expected to Decline"},"content":{"rendered":"<p>After taking <a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/17\/NYC-real-estate-market-predictions\" target=\"_blank\">the pulse of the residential market<\/a> and drawing the outlook for 2017, we decided <strong>to pick the brains of commercial real estate pros on what\u2019s to come in the <a href=\"https:\/\/www.propertyshark.com\/mason\/Real-Estate-Listings\/Commercial-for-Lease\/Retail-Spaces\/\" target=\"_blank\">retail<\/a>, <a href=\"https:\/\/www.propertyshark.com\/mason\/Real-Estate-Listings\/Commercial-for-Lease\/Office-Spaces\/\" target=\"_blank\">office <\/a>and <a href=\"https:\/\/www.propertyshark.com\/mason\/Real-Estate-Listings\/Commercial-for-Sale\/Multifamily-and-Mixed-Use-Properties\/\" target=\"_blank\">multifamily sectors<\/a>.<\/strong><\/p>\n<p>First, a quick overview:<\/p>\n<ul>\n<li><strong>Investment in the multi-family sector will remain strong, say 61% of respondents<\/strong>, and Brooklyn is once again cited as the top contender, followed by the Bronx<\/li>\n<li>The Bronx is poised to be popular with investors in\u00a0all manner of commercial properties, and the Mott Haven waterside is once again the talk of the town<\/li>\n<li>Foreign investment is to stay high in 2017, led by Chinese, European and Russian investors<\/li>\n<li><strong>54% of real estate pros think office tenants will look to move out of Midtown leases<\/strong>, and favor Brooklyn as the next likely destination<\/li>\n<li>Over half of real estate pros see <strong>the retail market taking a hit this year, with Midtown thoroughfares most affected<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Multi-family_sector_stays_strong_Brooklyn_best_sub-market_to_invest_in\"><\/span>Multi-family sector stays strong, Brooklyn best sub-market to invest in<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There was some indication of the rental market softening in 2016, as landlords started granting tenants more concessions than in previous years. Yet, market stats did not budge by a lot, according to Manhattan and Queens, and only started to decline in Brooklyn during the last quarter.<\/p>\n<p>The majority of our respondents \u2013 61% \u2013 had a positive outlook on future investment in the multi-family market, <strong>and expect no drops in property transaction volumes in 2017. <\/strong>Some, though, see a shift in the type of property most sought after in the market. Jackson Strong, VP of Titan Partners, says: <em>\u201cFor smaller players, the greatest opportunities lie in two-family homes as construction costs are much lower\u2026 and [there is] strong demand for these housing types\u201d.<\/em><\/p>\n<p>Respondents highlighted <a href=\"https:\/\/www.propertyshark.com\/cre\/commercial-real-estate\/us\/ny\/brooklyn\/\" target=\"_blank\">Brooklyn<\/a> as the best borough to invest in; in fact, 41% recommended at least one neighborhood in the borough as a good place to buy. <strong>The most popular choices were<\/strong> <strong>Bedford-Stuyvesant, Bushwick, Greenpoint and <a href=\"https:\/\/www.propertyshark.com\/cre\/commercial-real-estate\/us\/ny\/brooklyn\/williamsburg\/\" target=\"_blank\">Williamsburg<\/a>.\u00a0<\/strong>To find out more about new commercial projects hitting the Brooklyn market, head to <a href=\"https:\/\/www.commercialcafe.com\/blog\/2017-the-year-of-brooklyn\/\" target=\"_blank\">CommercialCaf\u00e9<\/a>\u00a0for the full scoop.<\/p>\n<p>As far as borough preferences go, a close second was <strong>the Bronx &#8211; 32% of respondents mentioned this borough as a a great market for multi-family investment.<\/strong><\/p>\n<p>Residential real estate pros participating in our <a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/17\/NYC-real-estate-market-predictions\" target=\"_blank\">previous 2017 predictions study<\/a> raved about the Brooklyn sub-market too, and looked to Bushwick and East New York as their top 2 choices for the hottest neighborhoods of 2017. Bedford-Stuyvesant featured in the top 5, and three other neighborhoods in the borough \u2013 Sunset Park, Crown Heights and Flatbush \u2013 were also popular picks.<\/p>\n<p>Of those who had doubts about the health of the multi-family sector\u00a0(39%), few see this possible downturn as a dramatic shift in the pace of transactions. Rather, they predicted a decrease in transaction volume of about 11%, on average \u2013 a stumble, but not a free-fall.<a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-pred_multifamily-2.jpg\"><br \/>\n<\/a><\/p>\n<p><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-pred_multifamily-3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25444 size-full\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-pred_multifamily-3.jpg\" alt=\"Commerc pred_multifamily\" width=\"573\" height=\"350\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-pred_multifamily-3.jpg 573w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-pred_multifamily-3.jpg?resize=300,183 300w\" sizes=\"auto, (max-width: 573px) 100vw, 573px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Bronx_to_see_commercial_investment_downpour_Mott_Haven_in_particular\"><\/span>The Bronx to see commercial investment downpour, Mott Haven in particular<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This borough has been at the center of a real estate hype for the past three or so years, and enthusiasm hasn\u2019t dwindled, it seems. <strong>Two thirds of our respondents (66%) say the Bronx will be a hot spot for investment this year, for all types of commercial property<\/strong>. When asked to give specifics, respondents\u00a0favored South Bronx \u2013 Mott Haven in particular \u2013 as the area where most of this investment will go.<\/p>\n<p>When we asked experts in the business for details, Marc Glassman (Bayrock Capital) described the borough\u2019s potential by saying <em>\u201c\u2026the Bronx will continue to get stronger as rents keep increasing in the borough, and it will be least affected by the spike in interest rates.\u201d<\/em><\/p>\n<p>Ben Nahmani of Berko &amp; Associates added <em>\u201cSouth Bronx developments, especially the residential projects along the water, will be a key driver to the expansion of the Bronx markets.\u201d<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Foreign_investment_wont_be_going_anywhere_China_holds_on_to_its_lead\"><\/span>Foreign investment won\u2019t be going anywhere, China holds on to its lead<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Despite a <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2016-10-20\/global-markets-stumble-into-a-high-debt-low-investment-2017\" target=\"_blank\">slowdown in international markets<\/a> and the depreciation of the Chinese yuan, a solid majority of real estate pros (67%) feel confident that <strong>NYC will keep attracting foreign investment at a steady pace. <\/strong><\/p>\n<p>In fact, it\u2019s precisely <strong>Chinese investors that are poised to be the stars of international capital inflow<\/strong>, according to 63% of those who singled out one or more countries as the likeliest sources for investment. About a quarter of these respondents mentioned Russia as an important player on the market in 2017, while 30% included at least one European country.<\/p>\n<p><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-predic_foreign.jpg\"><br \/>\n<\/a><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-predic_foreign.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25443 size-full\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-predic_foreign.png\" alt=\"Commerc predic_foreign\" width=\"568\" height=\"350\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-predic_foreign.png 568w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commerc-predic_foreign.png?resize=300,185 300w\" sizes=\"auto, (max-width: 568px) 100vw, 568px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Midtown_small-_and_mid-size_office_tenants_to_look_for_new_leases_in_Brooklyn\"><\/span>Midtown small- and mid-size office tenants to look for new leases in Brooklyn<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>More than half of the real estate pros we asked (54%) think that at least some tenants currently operating in <a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ny\/manhattan\/midtown-manhattan\/\" target=\"_blank\">Midtown office spaces<\/a> will be looking to move out to less pricey business hot spots, and many respondents agree <a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ny\/brooklyn\/\" target=\"_blank\">Brooklyn <\/a>will be the likeliest next stop. For businesses with low square footage needs, <strong>destination neighborhoods include <a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ny\/brooklyn\/downtown-brooklyn\/\" target=\"_blank\">Downtown Brooklyn<\/a>, <a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ny\/brooklyn\/williamsburg\/\" target=\"_blank\">Williamsburg<\/a> and DUMBO.<\/strong><\/p>\n<p>What\u2019s more, the nature of office spaces seems to be shifting as co-working spaces become increasingly more popular. Professionals in the office sector\u00a0are picking up the vibe, and <strong>a 75% majority expect to see demand for co-working <a href=\"https:\/\/www.commercialcafe.com\/office-spaces-for-lease\/us\/ny\/new-york-city\/\" target=\"_blank\">office space leases<\/a> increase this year.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Manhattan_retail_vacancy_rates_set_to_rise_Midtown_prime_areas_will_be_hardest_hit\"><\/span>Manhattan retail vacancy rates set to rise, Midtown prime areas will be hardest hit<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>60% of commercial pros expect <strong>more <a href=\"https:\/\/www.propertyshark.com\/cre\/retail\/us\/ny\/manhattan\/\" target=\"_blank\">retail space in Manhattan<\/a> to become vacant in the next 12 months<\/strong>, as ecommerce continues to make strides and puts greater pressure on brick &amp; mortar retail to cut down costs.<\/p>\n<p>When asked which areas will be most affected, 33% singled out Midtown prime corridors \u2013 <a href=\"https:\/\/www.propertyshark.com\/cre\/retail\/us\/ny\/manhattan\/\" target=\"_blank\">5<sup>th<\/sup><\/a>, <a href=\"https:\/\/www.propertyshark.com\/cre\/retail\/us\/ny\/manhattan\/\" target=\"_blank\">Madison<\/a> and Park avenues &#8211; as the likeliest spots to lose tenants in 2017. Vacancy rates on these thoroughfares have already gone up in 2016, according to <a href=\"http:\/\/www.cushmanwakefield.com\/en\/research-and-insight\/unitedstates\/manhattan-retail-snapshot\/\" target=\"_blank\">Cushman &amp; Wakefield<\/a>, and prices fell from the highs recorded in 2015.<\/p>\n<p>To some, this represents a welcome correction in market prices that had risen to unsustainable levels. Others, like Minnette LeBlanc of The LeBlanc Organization, see the cr\u00e8me of the sector keeping its appeal to investors in times of economic uncertainty. LeBlanc maintains that \u201c\u2026<em>well located and capitalized retail with well qualified, experienced tenants will also provide safe haven and cash flows during currency and rate fluctuations\u201d.<\/em><\/p>\n<p>With regard to one <a href=\"https:\/\/www.propertyshark.com\/cre\/retail\/us\/ny\/manhattan\/\" target=\"_blank\">major retail sub-market \u2013 5<sup>th<\/sup> Avenue <\/a>\u2013 71% of our survey respondents agreed that the extra security around Trump Tower will affect retail business located on and around the thoroughfare.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"66_of_respondents_see_positive_impact_of_new_presidency\"><\/span>66% of respondents see positive impact of new presidency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>There\u2019s no way around the question of what the new administration might bring in terms of policies impacting the national and local real estate markets; and our survey respondents obliged. The overall sentiment is a positive one \u2013 <strong>66% of commercial pros feel that president Trump will give the market a boost<\/strong>. A further 16% see the Trump presidency having no impact on business, while 18% predict that the market will deteriorate under the new administration.<\/p>\n<p>All in all, our findings confirm the <a href=\"http:\/\/money.usnews.com\/investing\/articles\/2017-01-02\/how-president-trump-will-redefine-the-real-estate-investment-market\" target=\"_blank\">prevailing belief<\/a> in the media that the new president will likely simplify regulations and restructure taxes to the benefit of real estate investors and developers.<\/p>\n<p><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commer-predic_Trump.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-25427 size-full\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commer-predic_Trump.jpg\" alt=\"Commer predic_Trump\" width=\"573\" height=\"349\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commer-predic_Trump.jpg 573w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/Commer-predic_Trump.jpg?resize=300,183 300w\" sizes=\"auto, (max-width: 573px) 100vw, 573px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Methodology:<\/strong><\/p>\n<div class=\"text-content\">\n<p>This survey ran\u00a0on the PropertyShark website for 1 month, starting on\u00a0December 7, 2016. There were 80 responses from commercial\u00a0brokers, investors, and appraisers who are PropertyShark\u2019s clients.<\/p>\n<\/div>\n<footer class=\"clearfix both\">\n<div class=\"meta-tags clearfix\"><\/div>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>After taking the pulse of the residential market and drawing the outlook for 2017, we decided to pick the brains of commercial real estate pros on what\u2019s to come in the retail, office and multifamily sectors. First, a quick overview: Investment in the multi-family sector will remain strong, say 61% of respondents, and Brooklyn is&hellip;<\/p>\n","protected":false},"author":45,"featured_media":25457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[376],"tags":[],"class_list":["post-25419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-new-york-commercial-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brooklyn and the Bronx to Be Commercial Investment Hot Spots in 2017<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRE Pros\u2019 Predictions for 2017: Best Bets Are on Brooklyn, While Midtown Retail Is Expected to Decline\" \/>\n<meta property=\"og:description\" content=\"After taking the pulse of the residential market and drawing the outlook for 2017, we decided to pick the brains of commercial real estate pros on what\u2019s to come in the retail, office and multifamily sectors. First, a quick overview: Investment in the multi-family sector will remain strong, say 61% of respondents, and Brooklyn is&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-26T14:17:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-07T14:45:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/comm_predic_2017_small.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adela Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adela Muresan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Brooklyn and the Bronx to Be Commercial Investment Hot Spots in 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/","og_locale":"en_US","og_type":"article","og_title":"CRE Pros\u2019 Predictions for 2017: Best Bets Are on Brooklyn, While Midtown Retail Is Expected to Decline","og_description":"After taking the pulse of the residential market and drawing the outlook for 2017, we decided to pick the brains of commercial real estate pros on what\u2019s to come in the retail, office and multifamily sectors. First, a quick overview: Investment in the multi-family sector will remain strong, say 61% of respondents, and Brooklyn is&hellip;","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2017-01-26T14:17:48+00:00","article_modified_time":"2017-02-07T14:45:57+00:00","og_image":[{"width":300,"height":200,"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/comm_predic_2017_small.jpg","type":"image\/jpeg"}],"author":"Adela Muresan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adela Muresan","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/","name":"Brooklyn and the Bronx to Be Commercial Investment Hot Spots in 2017","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/#primaryimage"},"image":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/comm_predic_2017_small.jpg","datePublished":"2017-01-26T14:17:48+00:00","dateModified":"2017-02-07T14:45:57+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/ad526b5abfeb3ccae48da2359441f462"},"breadcrumb":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/#primaryimage","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/comm_predic_2017_small.jpg","contentUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/comm_predic_2017_small.jpg","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2017\/01\/26\/market-cre-pros-predictions-2017-best-bets-brooklyn-midtown-retail-expected-decline\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/"},{"@type":"ListItem","position":2,"name":"CRE Pros\u2019 Predictions for 2017: Best Bets Are on Brooklyn, While Midtown Retail Is Expected to Decline"}]},{"@type":"WebSite","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/","name":"PropertyShark Real Estate Blog","description":"Market Reports for Real Estate Writers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/ad526b5abfeb3ccae48da2359441f462","name":"Adela Muresan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ca3b2a93f3858ab851fc1b7bbccec9bc23f5a3f25a9580e6831601d50373a98b?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca3b2a93f3858ab851fc1b7bbccec9bc23f5a3f25a9580e6831601d50373a98b?s=96&d=retro&r=g","caption":"Adela Muresan"},"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/adela-muresan-2\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2017\/01\/comm_predic_2017_small.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/25419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=25419"}],"version-history":[{"count":10,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/25419\/revisions"}],"predecessor-version":[{"id":25655,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/25419\/revisions\/25655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media\/25457"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=25419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=25419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=25419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}