Not What You Expect: A Recession's Impact on New York City Commercial Real Estate May Surprise You скачать в хорошем качестве

Not What You Expect: A Recession's Impact on New York City Commercial Real Estate May Surprise You

As the economic outlook worsens and the labor market continues to change, there are many questions we have to answer about the potential impact on the New York City commercial real estate market. No matter what anyone says, recession risks are mounting as the pandemic’s impact on commercial real estate wanes. The effects on New York City’s commercial office space and retail space market will be notable. All you have to do is to look at the 2008 financial crisis and 2020 shutdowns to find potential parallels. However, 2022 is different. This recession could counterintuitively benefit New York City commercial real estate for various reasons. How? In this video, I answer this question and examine a recession's potential short-term and long-term effects on New York City's labor and commercial real estate market. I will be uploading videos at regular intervals from this point on - please look forward to more interesting content in the future! --------------------------------------------------------------------------------------------------- For regular updates on Commercial Real Estate in Manhattan, visit me on twitter:   / metromanhattan   ---------------------------------------------------------------------------------------------------- View office space listings in Manhattan and learn about NYC commercial real estate here: https://www.metro-manhattan.com --------------------------------------------------------------------------------------------------- 00:00 Returning to the office 00:46 Recession effects on commercial and retail office space 02:30 Comparing the 2008 recession 04:10 The pandemic’s impact 05:50 Employers may end remote work 06:35 Manhattan office leasing doubled 07:55 Demand for office and retail space 08:23 Closing thoughts 08:55 Thanks for watching!