The NYC metropolitan area regularly faces severe winter weather marked by dangerously low temperatures, heavy snowfall, ice accumulation, and powerful wind gusts ranging from 45 to 55 miles per hour. These conditions strain buildings, disrupt daily operations, and pose serious risks to residents, workers, and the public. Here’s what most buildings forget to prepare for.
We are at a critical point in New York City housing policy. The Community Opportunity to Purchase Act (COPA) has returned to the spotlight after years of debate, revisions, and negotiation. With the veto in place, the Council now has a narrow 30-day window to decide whether COPA moves forward or stalls once again.
Despite a shaky economy, rental demand remains incredibly high, putting 2025 on track to be one of the best years for move-ins since 2000. To keep buildings full during these uncertain times, where are landlords focused? We at NYCCREA share it here.
The surge in office-to-residential conversions confirms what we’ve been advising clients since the pandemic. New York’s office market is not just cycling—it’s recalibrating. Conversions won’t singlehandedly solve a 22%+ vacancy environment, but they are a meaningful pressure valve, removing obsolete supply, stabilizing challenged assets, and adding much-needed housing.
New York’s mall evolution isn’t just about retail decline. It’s about rediscovering the potential of land that has anchored communities for decades. As enclosed malls fade, mixed-use ecosystems rise — places that combine housing, health, entertainment, and everyday conveniences into a single, connected environment.
We walk through the three core manufacturing districts—M1, M2, and M3—and what each means for today’s CRE environment. While historically designed to separate industrial activity from residential neighborhoods, these districts have evolved dramatically. And as the City of Yes zoning updates roll out in 2025, we expect even greater shifts in how these districts shape commercial real estate.
NYC’s eight commercial districts define where and how businesses operate — from small community shops to high-rise commercial hubs. What do we know about the C1 to C4 districts that reflect the city’s diverse retail ecosystem, from neighborhood groceries to regional shopping destinations?
Expanding e-commerce trends have pushed this change. The Last-Mile Facility Text Amendment, a proposed zoning update that would require a special permit for new PDFs, means that large distribution centers would need to undergo a thorough public review and approval process before opening—ensuring that new developments are thoughtfully located and designed to minimize traffic, environmental, and community impacts.
From our vantage point as brokers, the OneLIC Plan is a catalyst for sustainable CRE growth. With nearly 15,000 new housing units, a surge in commercial square footage, and tens of thousands of new residents and jobs, LIC is poised to become a balanced live-work-play community.
545,000+ jobs across 47,000 industrial businesses are the backbone of NYC’s economy—and the Industrial Plan strengthens this foundation. With final adoption by end of 2025, the Plan sets the stage for a new era of industrial investment, freight efficiency, and climate resiliency. What are the 5 Bold Goals of this Plan?