If suburban commuters would prefer office space in short walking distance from the three major transportation hubs in New York City, they may find options a bit limited.
The JLL Spring 2020 Senior Housing and Care Investor Survey and Trends Outlook reports that potential market disruptors are active adult developments and the needs of middle-income seniors.
E-commerce companies require, on average, triple the amount of logistics property space as brick-and-mortar retailers, according to Prologis Inc., a real estate investment trust.
"While there is disruption in the overall economy, the need for self-storage space will continue and address changing needs by users," the Cushman & Wakefield report said.
According to a report released by StreetEasy, the May fall in Brooklyn prices was the largest drop in nine years. StreetEasy also saw resale prices of condo, co-op, and townhouse units dropped in Manhattan and Queens as well.