Commercial

Downtown Brooklyn Office Rents Jump by 30%, the Biggest Spike it has Reached in a Decade

According to a recent research conducted by the multinational real estate firm Newmark Grubb Knight Frank, the office asking rents in North Brooklyn rose to a historic high of $51.99 per square foot in last year's fourth quarter.

Recent Commercial Real Estate Transactions in NYC

The figure is 14 percent below 2014 levels, and the drop came due to a steep rise in retail rents. In terms of the real estate sector, instability and growth are the constant scenarios.

Denver's Commercial Real Estate Finishes 2015 Strong

Squeezed by high demand and low supply across the Denver area, the average industrial asking lease rate jumped to $7.23 per square foot, and had a triple net in the fourth quarter, up 4.2 percent year over year and 2.6 percent from the third quarter, as reported by the Denver Post.
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