At Oxford, we’ve worked hard to cultivate industry expertise on real estate trends -- both residential and commercial -- in New York City and beyond. Providing this knowledge and experience to our clients as they decide on which investment to make or which deal to pursue has led Oxford to be recognized as an industry leader.
We’ve been honored to have Oxford’s CEO, Adam Mahfouda, be featured in Forbes and Fox News to discuss these topics and wanted to share these insights as you consider what real estate investment to pursue this year.
As a member of the Forbes Real Estate Council, Adam was recently asked about creative ways to use commercial spaces for investors and developers. Adam advocated for providing more flexible lease terms, including: "...shorter leases, furnished options, easy plug-and-play solutions. This is the main reason why We-work has grown: Their product is very expensive, but it's very easy and low hassle."
Another option that Adam advocated was for commercial spaces to consider converting into hotels, as this is a space that New York City is always searching for more of to use. As for making investments in 2019 , Adam urged buyers to proceed cautiously. He noted that many sellers prices are inflated, “Listing price is significantly higher than properties are trading right now.” So at least for now, consider all options before making a new investment.
In terms of what that investment might be, Adam was interviewed by Fox News to discuss some ideas. Advocating against novelty purchases, Adam said that residences like houseboats are difficult to maintain, and generally can be challenging to sell when the time comes.
“A lot of these quirky houses have a huge amount of maintenance because they aren’t regular,” Adam said.
“When you think about what you’re actually going to do in terms living there, day to day, I think it’s very impractical,” Adam added, in regard to making a home on a houseboat.
As you consider your next move in real estate, whether to buy, sell or lease, Oxford Property agents are ready to help you make the right decision. It can be overwhelming with so much information available, but each Oxford agent has honed their expertise in a specific space in New York City, from residential to commercial, from the Bronx to Brooklyn and all of Manhattan in between. This all translates into Oxford having real estate experts ready to work with you.
Our agents would love to be an asset for you. When you’re ready, we are too. Give us a call to set up an appointment with us so we can start a conversation about the next best move for you. We’re looking forward to working with you!