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What is the current demand in New York City commercial real estate?
If you’ve missed the first two, visit the previous post.
Number three, industrial property.
A lot of us in New York City, specifically Manhattan, don’t think about industrial space. We don’t think about storage space. However, that market is truly accelerated in New York City.
Where do you think people are storing all of your Amazon packages?
Where do you think building owners are putting their tools and or their materials for development?
So if you have an asset that is either a retail location that has a second generation kitchen an office space that might have micro units 2, 000 or less square feet, or as I said an industrial space for storage and/or parking, those are three assets that are truly performing well in New York City real estate.