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It is moving into SL Green's property at 919 Third Avenue.
Commercial property owners may still reduce taxes based on COVID-era interest rate cuts, but that window may be closing.
"We need core-plus capital flowing in to allow us to rotate our portfolios."
Panelists were asked for their perspectives on market activity over the past year.
While inflation remains a concern, what really matters to CRE is the certainty that is emerging around rates.
For CRE, rising employment is a positive.
One-third of homeowners are spending more than 30% of their income on housing costs.
Wealthy individuals made up approximately 66% of buyers this summer.
According to Nadji, concerns are abound, from geopolitics and elections to climate change.
Investors are returning to the US market as positive economic indicators emerge.