Shop T'ill You Drop - Manhattan's Growing Retail Market!
February 27, 2016Manhattan is developing around 2.4MM sqft in new retail space, which means: $374,400,000 in potential new gross rent revenue for the retail market alone. Swatch and Victoria’s Secret take the biggest rents: reaching up to $35 Million in annual rent! Bulgari spends over $5,300 per square...
Read MoreFinance So... What is NYC Real Estate Worth? And Where are we Headed?
February 19, 2016The New York City Department of Finance has priced the “Full Market Value” of NYC to be $1,071,973,871,651 (Trillion)! Tax Revenues to grow to over $211 Billion due to new inventory by FY2017. Brooklyn sees the greatest growth; however, Manhattan dominates in terms of total dollar value invested. Commercial property...
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