Residential, Commercial Demands in New York City

The video discusses the recovery of the residential market post-pandemic, highlighting increased occupancy and leasing activity. It contrasts this with the commercial market, where Class A spaces are in demand, but Class B and C spaces face challenges. The video also addresses the impact of crime and rising interest rates on real estate, emphasizing the need for zoning changes and tax incentives to convert office spaces to residential use.

What factors contributed to the increase in occupancy rates in residential properties after the pandemic?

What is the current occupancy rate in rental properties compared to pre-pandemic levels?

How did the pandemic affect the demand for commercial real estate, particularly in Manhattan?

What changes are suggested to address the challenges faced by Class B and Class C commercial properties?

What role do zoning changes and tax incentives play in the conversion of commercial buildings to residential use?

In what ways has crime perception affected the residential real estate market?

How have interest rates impacted the real estate market, particularly in terms of financing?