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Real estate power players toast leasing bonanza, return-to-office surge at annual REBNY gala

The 1,000-plus power players who braved the cold to attend the Real Estate Board of New York’s annual gala Thursday night had a lot to celebrate. Not only did 2024 end with a robust leasing surge, but REBNY’s office-visitation tally posted a post-pandemic record last month. As tabulated by Placer.ai using mobile location data at 350 Manhattan locations, office-building visitations in December hit 72% of 2019 levels, or 5 percentage points higher…

Highest Growth in Investment Real Estate

  Investing in real estate has long been a way to generate wealth, and market changes can create opportunities for investors to capitalize on particular growth sectors. In today’s climate, there are several growth sectors in investment real estate that have the potential to increase demand significantly. These include elder care logistics, residential development, hospitality and healthcare. Elder Care Logistics As the population ages, so too does the need for senior care deliveries and deliveries of pharmaceuticals, medical supplies and other goods. In addition, elderly people may require special assistance when gathering groceries or other specialized items. Investing in elder care logistics could capitalize on this growing need. By creating a delivery infrastructure tailored specifically for seniors, investors can increase demand for their services and create more value for themselves in the long run. Residential Development The housing market is constantly evolving as new trends and styles of building come150