B6’s 2020 Predictions Report
Last year was a tumultuous one for the investment sales market in New York City. New rent regulation put a damper investors’ appetites after the state’s legislation passed in June. Even amid a roaring economy, 2H19 was a sluggish one.
As we head into 2020, there’s cautious optimism around the B6 offices. We surveyed our investment sales and capital advisory teams to gauge opinions on where the market is headed. Here’s what we found.
As the new reality of stricter rent regulations becomes clear, the investment sales market in New York City continues to underperform its historical trend. That’s pushed the trajectory of industrial and retail in very different directions.
The investment sales market in New York City continued its sluggish performance through the second quarter of 2019. But even in this environment, opportunity still exists in certain pockets of the city. So B6 tapped three of its brokers to find out where they see potential upside in their neighborhoods.
The investment sales market in 2019 got off to a slow start amid uncertainty in the broader economy and speculation about major rent reforms this summer. But even amid a market slowdown, development is continuing thrive.
As the CEO and founder of B6 Real Estate Advisors, Paul J. Massey Jr., explains, he always notices a high-level achievement, even if it was a long time ago.Read More
After leaving Cushman and briefly foraging into New York politics, Paul set up B6 real estate advisors in July 2018 with a goal of becoming the number one mid-market investment sales and capital advisory brokerage in the States.Read More
Wharton Properties has acquired 166 Berry Street in Williamsburg, Brooklyn for $20 million, or $3,226 per-square-foot, in what is a record-setting transaction for the submarket.Read More
A Williamsburg commercial building that housed a metal fabrication company has sold for what appears to be a record-high price per square foot in the neighborhood.Read More
Even without the retailer as a neighbor, commercial-property owners have attracted new tenantsRead More
B6 Real Estate Advisors is arranging the sale for the portfolio comprised of 80% free-market units.Read More
As Amazon and other e-commerce giants circle, warehouse space is booming in the five boroughs. Sales volume for industrial buildings is already up 145% from this time in 2016, with total sales …Read More
Warehouses are emerging as New York City’s hottest property type, with the pace of growth in sales of these e-commerce distribution centers exceeding those of office and apartment buildings this year.Read More
Two luxurious townhouses with private pools in Palm Beach, Florida, are scheduled to hit the auction block with no minimum bid later t…Read More
Jason Hartman talks rent control with Paul J Massey, CEO of B6 Real Estate Advisors, as the two discuss the impact rent control is having on the real estate market in New York City.Read More
B6 Real Estate has agents in 21 territories throughout the New York tristate area and half are unfulfilled with capital advisory agents.Read More
Congratulations to Thomas Donovan for being named a GlobeSt.com Influencer, The Top Names in MultifamilyRead More