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     • New York City, NY Commercial Real Estate - 6,596 Listings
     www.propertyshark.com/cre/commercial-real-estate/us/ny/new-york-city/

     New York City, NY Commercial Real Estate - PropertyShark

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   What percentage of commercial property is taxed in New York City?

   • and. Offices Make Up Largest Share of Commercial Real Estate in NYCCommercial real estate in New York City accounts for 21.9 percent of all property market values as of fiscal year (FY) 2025.2 Because the City’s tax structure relies on higher relative levies on Class IV (commercial properties), they account for 44.1 percent

   Office Real Estate in New York City:

   www.osc.ny.gov/files/reports/osdc/pdf/report-11-2025.pdf

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   How will New York City's commercial real estate market perform in 2024?

   • This trend is evident in the drop in coworking spaces in Manhattan, which saw an 11% decrease between 2022 and Q3 2023. Even major tenants like JPMorgan Chase have reduced their commercial footprint by 400,000 square feet in 2023. A major positive for the 2024 commercial real estate outlook is New York City’s retail sector.

   2024 Commercial Real Estate Outlook: Making Sense of the Future

   www.metro-manhattan.com/blog/making-sense-of-the-future-the-2024-commercial-real-estate-outlook/

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   How much did Manhattan commercial real estate sell in Q4 2023?

   • There were a total of 187 sales, representing a Y-o-Y change of just 0.5%. The median price per square foot in Quarter 4, 2023 was $676, a change of -8.7% Y-o-Y. Manhattan commercial real estate price per square foot in Quarter 4, 2023 was $676, down by 8.7% Y-o-Y.

   Manhattan Commercial Market Trends - PropertyShark

   www.propertyshark.com/mason/market-trends/commercial/nyc/manhattan

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   What is the 2024 commercial real estate outlook?

   • Before diving into the 2024 commercial real estate outlook, let’s first assess the market’s current state and its distinct trends across various sectors: In the office real estate sector, there’s an uptick in occupancy levels, suggesting a rebound from the pandemic’s impact.

   2024 Commercial Real Estate Outlook: Making Sense of the Future

   www.metro-manhattan.com/blog/making-sense-of-the-future-the-2024-commercial-real-estate-outlook/

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   How did New York City's multifamily market perform in 2020?

   • Compared to 2019, this was a 36%, 21% and 12% decline in dollar, transaction and building volume, respectively. Manhattan achieved the highest multifamily sales dollar volume, accounting for 48% of New York City’s total dollar volume. The submarket recorded $2.09 billion sales in 2020 across 62 transactions comprising 127 total buildings.

   New York City’s 2020 Multifamily Market By The Numbers

   www.forbes.com/sites/shimonshkury/2021/02/01/new-york-citys-2020-multifamily-market-by-the-numbers/

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   Is 2024 a good year for commercial real estate?

   • 2024 is here, and the commercial real estate scene sees renewed activity and potential shifts, especially after the pandemic era’s rollercoaster ride. Office buildings are the busiest they’ve been since early 2020, trendy Fifth and Madison Avenues stores are alive with activity, and restaurants are filling up again.

   2024 Commercial Real Estate Outlook: Making Sense of the Future

   www.metro-manhattan.com/blog/making-sense-of-the-future-the-2024-commercial-real-estate-outlook/

   See all results for this question

3. www.osc.ny.gov › files › reportsOffice Real Estate in New York City: A Review of Market ...

   www.osc.ny.gov › files › reports

   Offices Make Up Largest Share of Commercial Real Estate in NYC. of all billable assessed values on which the property tax levy is based. Office buildings comprise the largest share of Class IV billable values at 45.5 percent of the total in FY 2025, followed by retail p.

4. www.osc.state.ny.us › files › reportsThe Office Sector in New York City - Office of the New York ...

   www.osc.state.ny.us › files › reports

   The City is home to two of the largest central business districts in the world, and between 2011 and 2021, strong demand more than doubled the total market value of office properties to reach a total of $172 billion.

   • File Size: 492KB

   • Page Count: 15

5. www.crexi.com › blog › the-new-york-city-commercialThe New York City Commercial Real Estate Market - Crexi.com

   www.crexi.com › blog › the-new-york-city-commercial

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   Oct 26, 2023 · The New York City Commercial Real Estate Market. Category: Markets. Oct 26, 2023. Crexi connects commercial real estate professionals in New York City and the broader Tri-State Area with the tools they need to transact and thrive.

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     New York City's commercial real estate market far from being in crisis

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     The Top 8 Skyscrapers in New York City This Year

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7. www.metro-manhattan.com › blog › making-sense-of-theMaking Sense of the Future: The 2024 Commercial Real Estate ...

   www.metro-manhattan.com › blog › making-sense-of-the

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   Jan 2, 2024 · Explore New York City's 2024 commercial real estate outlook here: a mix of optimism and strategy in a recovering market.

   • Author: Bobby Samuels

8. www.forbes.com › sites › shimonshkuryThree Trends Impacting New York City Commercial Real Estate

   www.forbes.com › sites › shimonshkury

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   Aug 11, 2023 · New York City land sales dropped 30% year-over-year to $2.5 billion in the first half of 2023 compared to the first half of 2022, which can be attributed to a number of factors including the...

9. www.forbes.com › sites › shimonshkuryNew York City’s 2020 Multifamily Market By The Numbers - Forbes

   www.forbes.com › sites › shimonshkury

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   Feb 1, 2021 · According to year-end research from Ariel Property Advisors, New York City’s multifamily market recorded its lowest dollar and transaction volumes in the past decade and the city grossed $4.51...

10. www.propertyshark.com › mason › market-trendsManhattan Commercial Real Estate Market Overview: Sales, Top ...

    www.propertyshark.com › mason › market-trends

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    Manhattan commercial real estate sales volume in Quarter 2, 2024 was $3.4B, down by 10% Y-o-Y.