What is happening with New York City’s aging supportive housing?
$1 billion in city-backed investment will target the preservation of existing supportive housing across all five boroughs.
Gov. Kathy Hochul has signed an Executive Order creating the nation’s first moratorium on new hyperscale data centers, temporarily pausing State environmental permits for up to one year.
More than $10 billion in planned New York data center projects now face delays as the new policy requires stricter environmental review. What happens as New York pauses billions in data center development?
Manhattan recorded 22.80 million square feet of leasing activity during the first half of 2026, making it the strongest first half since 2002. If this pace continues, 2026 could become the busiest leasing year since 2000. What are the factors that power the office market growth?
The Rent Guidelines Board has voted 7 to 1 to freeze rents for approximately 1 million rent-stabilized apartments across the city. The new rule applies to all one year and two year leases starting October 1. Whether you own rent-stabilized assets, invest in multifamily, finance properties, or lease commercial space, October 1 is a date worth watching.
We are now watching New York officially introduce a pied-à-terre tax that directly targets luxury second homes valued at $1M and above. This move, approved as part of the state budget and set to begin July 1, is expected to generate up to $500M annually for the city and state.
NYC offices are no longer competing with other buildings. They are competing with home. At the New York City Commercial Real Estate Advisors, we are seeing that return-to-office momentum is improving, but companies are realizing something important. Employees are not returning simply because leadership says so. They are returning when the office actually gives them a reason to.
New York commercial real estate is facing pressure from multiple directions at once. Heating oil prices have surged nearly 40% year over year. Construction costs could rise another 2% to 6%. Financing conditions remain tight. And geopolitical uncertainty continues to fuel volatility in global energy markets. What are the signs that your property is at risk from oil shock?
In New York, where feasibility margins are already tight, rising construction costs matter more than in most markets. We are seeing capital stacks stretched thinner, underwriting assumptions reworked more frequently, and more projects paused before they ever reach permitting.
Nearly 1 million rent-stabilized housing units in New York City are at risk of a rent freeze. This policy can help tenants stay financially stable by preventing sudden rent increases and allowing them to remain in their homes despite rising living costs. However, owners and industry developers are concerned with the bigger picture. What happens next?
We are hearing the same concern from owners and investors across New York City. Expenses keep rising. Rents are under pressure. Deals are harder to pencil. Now property taxes may increase for the first time in over 20 years.