The global pandemic and economic crisis continue to take hold of New York. While the market is filled with uncertainties, one thing we know for sure is the low-interest rate environment will continue, as the Fed recently announced it plans to keep interest rate near zero through 2023. Now commercial real estate owners are facing […]
Month: September 2020
Featured on MarketWatch: The New York City office may be in limbo, but dead? Fuhgeddaboudit
NY office market is not dead, but ever-changing and evolving. “There are a lot of developers who are very hungry to find distressed real estate,” said Robert Rynarzewski, Head of CRE at Piermont Bank to Market Watch.