Your Monthly NY Commercial Real Estate Digest

Read the latest updates in NY real estate [PropertyShark Commercial Newsletter]( Read January's New York CRE digest to find out: - What to expect for the commercial real estate industry in 2024 - How businesses can leverage self storage to maximize space for their specific needs - How much office space can you get for $10K/month in Manhattan? - What the 5 most expensive commercial sales of the month were [What to Expect for CRE in 2024]( [What to Expect for CRE in 2024]( An economic slowdown is expected in the U.S. that will impact CRE, with bank lending remaining tight throughout 2024, investment volume decreasing 5%, cap rates expanding and property values declining. [Read More]( [5 Types of Businesses That Can Leverage Self Storage to Maximize Space]( The flexibility of self storage lets freelancers, entrepreneurs and large companies alike expand operations by taking advantage of a wide range of unit sizes, whether their storage needs are regular or unpredictable. [Read More]( [5 Types of Businesses That Can Leverage Self Storage to Maximize Space]( [How Much Office Space Could You Rent for $10K/Month in the U.S.?]( [How Much Office Space Could You Rent for $10K/Month in the U.S.?]( Except for Manhattan, N.Y. — the third-priciest option on the list — and Boston (seventh), the top 15 locations where $10K/month would get the least amount of class A office space are all in California. [Read More]( [See our latest real estate news]( Top NYC Office Sales for January 2024 Address Recorded Date Sale Price [720 5th Avenue]( 3-Jan-24 $397,395,000 [50 21st Street]( 12-Jan-24 $248,000,000 [211 Centre Street]( 11-Jan-24 $51,098,282 [25 East 22nd Street]( 29-Jan-24 $27,000,000 [115 7th Avenue]( 4-Jan-24 $21,500,000 Office Listings [300 Corporate Parkway]( [300 Corporate Parkway]( For Lease Contact for pricing [292 Madison Avenue]( [292 Madison Avenue]( For Lease Contact for pricing [45 Broadway]( [45 Broadway]( For Lease $43.00 - $50.00/SF/YR [See more listings]( Top NYC Multifamily Sales for January 2024 Address Recorded Date Sale Price [91 Crosby Street]( 12-Jan-24 $29,000,000 [1500 Noble Avenue]( 29-Jan-24 $26,000,000 [199 East 4th Street]( [201 East 4th Street]( [203 East 4th Street]( 5-Jan-24 $25,507,195 [118 East 4th Street #]( [120 - 122 East 4th Street]( 5-Jan-24 $22,876,839 [135 Avenue A]( 16-Jan-24 $19,100,000 Multifamily property listings [1379 Lexington Ave - Space Availability]( [1379 Lexington Ave - Space Availability]( For Lease Contact for pricing [330 E 6th St]( [330 E 6th St]( For Sale $13,995,000 [482 Onderdonk Ave]( [482 Onderdonk Ave]( Sale Contact for pricing [See more listings]( Top NYC Retail Sales for January 2024 Address Recorded Date Sale Price [717 5th Avenue #RETL]( [717 5th Ave #4-OFF]( 24-Jan-24 $963,000,000 [724 5th Avenue #A]( [724 5th Avenue #B]( [724 5th Avenue #C]( 4-Jan-24 $425,000,000 [401 East 60th Street #RETL1]( [401 E 60th Street #GARGE]( 16-Jan-24 $150,500,000 [545 Broadway]( 23-Jan-24 $34,357,204 [45 Renwick Street]( 24-Jan-24 $33,000,000 Best regards, Anna | Customer Service Manager at PropertyShark [718-715-1758]( | support@propertyshark.com [Image] [PropertyShark Services]( | [Testimonials]( | [Group Subscriptions]( Authoritative Data and Essential Tools for Real Estate Professionals ©2024 Yardi Systems, Inc. All Rights Reserved. PropertyShark, the PropertyShark logo, and all Yardi product names are trademarks of Yardi Systems, Inc [Privacy Policy]( | [View Online]( | [Unsubscribe](