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New York’s Real Estate Elite Look to Florida

Posted by Melvin Monachan | Jun 27, 2022 | 0 Comments

Over the last few years, the pandemic drove hundreds of thousands of people out of New York City. Some of these individuals were escaping NY rent prices, while others just wanted more space to spread out during the peak of social distancing mandates. Now, there's a new wave of people seeking prop...

NYC Apartment Lease Renewals are Down

Posted by Melvin Monachan | Jun 26, 2022 | 0 Comments

Residential lease renewals are down in New York City, according to an article published by Bloomberg. As Equity Residential CEO Mark Parrell notes in the piece, the company has seen renewal rates at its properties decline by 5% since the beginning of 2022. Although the pandemic has become largel...

Is Inflation Impacting New York Real Estate?

Posted by Melvin Monachan | Apr 04, 2022 | 0 Comments

A year and a half ago, only the most optimistic speculators would have told you that NYC real estate would be back with a bang in 2022. Fortunately, they were right, and at least in the NY residential real estate sector, it's a seller's market with small, one bed/one bath apartments listing at ov...

The Future of Industrial REITs

Posted by Melvin Monachan | Mar 31, 2022 | 0 Comments

While some real estate investment trust (REIT) sectors have suffered over the past few years due to struggling economies and the pandemic, the industrial REIT sector has not. In fact, industrial real estate investments have enjoyed a steady increase in profitability over the last decade, and expe...

Lessons from the Amazon Warehouse Collapse

Posted by Melvin Monachan | Mar 31, 2022 | 0 Comments

What Happened On December 10, 2021, a tornado hit an Amazon warehouse in Edwardsville, IL causing it to collapse and killing six people. 40 Amazon employees survived the EF-3 storm, and lawsuits have already been filed. The tornado reportedly caused the roof to tear off, allowing the walls to fa...

Rental Bidding Wars in NYC

Posted by Melvin Monachan | Mar 24, 2022 | 0 Comments

The Current NYC Rental Market The current New York City residential rental market is experiencing significant competition and increased prices among rentals across the city. While a short dip occurred as Omicron worked its way through the city's population, New York City residential rentals have...

Omicron Impact on NY Commercial Real Estate in Q1 2022

Posted by Melvin Monachan | Feb 19, 2022 | 0 Comments

Previous Pandemic Effects on NY Commercial Real Estate In Q1 2021, New York City experienced significant losses in commercial real estate due to the COVID-19 pandemic. As business tenants scrambled to stay in business, New Yorkers as a whole felt the pinch as many workplaces were forced to clos...

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