'Get better with each passing moment' is the attitude required in any fast-paced industry and Real Estate is one such example. This week's articles cover stories on how different analysts have different opinions regarding NYC market, the changes in the demanding price of a beautiful residence, developers' willingness to explore 'transit desert' areas, CUNY's move to loosen the financial strap, and finally, the subway at 96th Street to finally undergo much needed renovation.
Real Estate in NYC has seen its fair share of ups and downs over the years. While some trends last for years, others come and go making the entire industry dynamic and vibrant to work in. This article covers the boroughs that are constantly transforming into multi-million dollar neighborhoods, new entrants in the real estate market, and market stabilization in the third quarter of 2019.
The 21st century has brought a shift in norms, priorities, and lifestyle patterns. This shift is mainly attributed to the changing preferences of Millennials, Gen Z, etc. This week's articles focus on the changes that have come about in the real estate industry. Millennials' willingness to telecommute and live as close as possible to the workplace reflects an overall improved lifestyle, drawing the government's attention to climate change and relevant issues that would have been otherwise ignored.
'The only constant changes', said the Greek philosopher, Heraclitus. Real Estate is no alien to these powerful words. It is constantly adapting to the needs of a changing society. This week's articles focus on these changes and how real estate is swiftly evolving with each passing moment. It covers how telecommuting is redefining work patterns and how this is impacting people's choice to live close to their workplaces; rent hikes are convincing people to buy property instead of renting them, and lastly, how the Central Park Tower would offer the ultimate panoramic view of NYC.
Real estate has always been a big deal for New York City. While fortunes have been made via this industry, it holds even more potential to grow bigger and better. This article covers details on how technological innovations in the field is being used to address challenges in real estate; billionaires and their desire to invest more in real estate, and the community feel that the bonds the residents of Central Park West.
Real estate, being the backbone, is a symbolic feature of New York City. It plays a part in providing job opportunities and supporting the retail and hospitality markets. This week's top stories feature some really good news: construction of Central Park Tower, a new entrant in the luxury condo market and investment of $15B in new jobs. Also, learn about the celeb apartment for sale in Upper West Side and a children merchandise brand, opening another store in UWS.
Keeping up the breast to the latest happening in Real Estate is the real key to become a pro at it. The rapid fluctuations in the markets demand attention tied with great returns. This week article focuses on the rent laws and how it is serving as a model for other states, the rising demand for amenities in luxury apartments in NYC, changing population demographics and their real estate needs, and last but not the least, the closing of last single-screen theater in the city.
Real Estate surprises in NYC are never enough. Every time you come across news, it might seem to be the epitome of aberration, while it is only the tip of the iceberg. This week's articles are nothing less than that. Interestingly, a new debate regarding high-end grocery stores has stirred up since they seem to contribute to rent hikes; a private island might turn your dream into reality given the affordable price that it is being offered at. Lastly, given the rising trend of tech companies in NYC, we might witness a new Silicon Valley.
NYC is flourishing and so is its real estate. Every day, a baby step improvement has a ripple effect on the overall market. This week's incremental enhancement has resulted from the emerging discussions in the field on the future of real estate, some jaw-dropping deals in town, and some responsible citizens' urge to make the city more welcoming and open by legalizing hostels.
NYC's real estate has witnessed some jaw-dropping transactions this week. Major credit goes to the new mansion tax that has come into effect, some loopholes in rent-stabilization laws and favors bestowed upon institutes on their employees. In this article, we uncover several anomalies experienced in the market such as record-breaking deals in June despite the overall slump, a professor raking a million-dollar deal, and jaw-dropping cheap hotel rates.