From the category archives:

Commercial Stems

Commercial Market Fears are Justified: The bearish argument

by Honeycrisp December 26, 2009

The flip side of the bullish argument in the sister piece to this post is that the real commercial tsunami is coming, probably in the second quarter of 2010 and it will be deeper than most think. The theory goes:

We won’t see a rebound until 2013 or 2014 because the massive wave of mortgages underwritten [...]

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Commercial Market Fears are Overblown: The bullish argument

by Red Delicious December 22, 2009

Many opinions have been flying recently as to whether the commercial real estate market is heading towards Armageddon or opportunity as we head into 2010 (though one could argue they’re one and the same).  On one hand, a recent survey points to great buying opportunities abounding next year, fueled by all cash buyers. 
Predictions are that [...]

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Rents, Volume, and Inventory: writing Christmas jingles on the commercial market

by Honeycrisp December 3, 2009

It’s beginning to look a lot like Xmas: Everywhere you go, there’s a troubled boutique hotel, retail is hurt as well, and office rents are sliding past their lows (yes, it’s a real estate sing-along).
… Yet the office market is nothing to sing about, except maybe for tenants who are now negotiating contracts with [...]

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Take-aways from the Distressed Real Estate Summit: Give’em a Xanax:

by Honeycrisp October 29, 2009

We were amused at the Distressed Real Estate Summit in September hearing “there’s no such thing as distressed property, only distressed lenders and loans; the property did nothing wrong.“  Here are some bite-sized take-aways regarding the NYC area worth sharing:

Multi-family: properties have not been hurt as bad as other asset classes as they’re not over-leveraged [...]

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Comparing retail rents in Downtown vs Midtown: Commercial musings

by Honeycrisp September 13, 2009

If you’re looking for a “bargain” in the world of Manhattan commercial real estate, downtown may be the way to go.  Average asking rent for Class A space is $51, compared to $68 in Midtown.  That said, you won’t have a wide array of inventory to choose from.
First, fewer than 24 downtown buildings can be [...]

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Office and retail vacancy rates in Manhattan: Street not-easy

by Honeycrisp July 27, 2009

We thought we would share some Manhattan-specific figures in the retail and office space arena for those who can’t get enough statistics.  On the office side, inventory has doubled since last year both in terms of square feet (now 16 million) and the number of large blocks (now in 68 buildings).  According to Colliers ABR, [...]

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And Now, For a Commercial Break: Where to invest in the commercial real estate market today

by Honeycrisp July 13, 2009

For those investors among you looking at commercial real estate, you know that the picture isn’t pretty.  Vacancy rates are at 20 year highs and loan delinquency rates have doubled to 7% in the past year.  Tight credit markets make it nearly impossible for property owners to rollover short-term financing when it comes due ($400 [...]

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