We have written a number of posts on the fundamentals of real estate investment in New York City. Essentially, the means of creating new out of old can take many different forms and technology continues to play a major role in current and future developments. Smart technology continues to be an important amenity given how residential and commercial real estate tenants appreciate keyless entry, updated security features and voice controlled features that personify 21st century living.
Part of the draw to real estate in New York City is the investment potential. Real estate is one of the few commodities that is not exactly growing in nature; this is because more land is not being produced, and in some areas of our region, land is becoming scarce.
Generally speaking, the sign of a successful business is continuity. Having a longstanding physical location means that a business has established a following that is committed the success of the people supporting it. It also allows the business to rely on a brand based on generations of customer service to distinguish itself in the marketplace.
New York City is known as the city that never sleeps. But where can someone go when they just want to slow down and take it easy and not necessarily sleep? For the developers behind the newest Margaritaville development, they hope most people choose Times Square.
As we have noted in a number of our posts, the key to success in real estate is to buy low and sell high. Whether you are considering distressed residential real estate or commercial properties that need work, if you can see a diamond in the rough, you are likely to maintain success in the marketplace.
If a real estate broker informs you of a potential "hidden gem" that has "great potential" it is natural to be skeptical. After all, what may be a gem in one broker's eyes may simply be junk in another's. Moving past speculation to reasonable projections may not be easy, but with shrewd planning you separate truth from fiction.
The more things change, the more they stay the same.
With our population aging, demand for quality health care will not be abated anytime soon. This ostensibly is why more health care mergers will be seen in 2018. Another expectation on the horizon is a continued focus on providing medical office space near residential communities and retail outlets.
The world of Lego has expanded beyond retail shops and has expanded into movies and theme park resorts. The popularity of the parks in California and Florida ostensibly led to a third park to be set in Orange County, New York.
The old adage, “you get what you pay for” may be a cliché when it comes to real estate; but in a growing trend among commercial real estate developments in New York City, investors and developers alike are taking consumer experiences into account.