NYC building sales slump despite plummeting prices because of crippling regulations, high interest rates
High interest rates, crippling regulations and large vacancies caused by work-from-home and pandemic downsizing are to blame.
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High interest rates, crippling regulations and large vacancies caused by work-from-home and pandemic downsizing are to blame.
Startups say they’re seizing opportunities in the wake of the coworking giant’s bankruptcy — and eager to prove the potential of flex space.
Federal Reserve Chairman Jerome Powell elected to leaving the short-term benchmark Federal Funds Rate at 5.25 percent and 5.5 percent.
Impacts of previous rate hikes are already being felt. Multifamily anticipates the effects of a potential pause by the Federal Reserve.
While the office, hotel and residential real estate markets continue to suffer, retail has undergone a revival in Manhattan and the outer boroughs.