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CB6 in Midtown East is the latest to reject bypass of land-use review.
But the question is that will lead to better price discovery or arm-twisting by investors looking for deals.
The New York City metro area has the highest concentration of these leases.
E-commerce driving need for this niche asset class that represents less than 1% of US industrial facilities.
But the sector is also facing "its first period of uncertainty" in 2024.
Spreads keep rising: big for office, moderate for industrial, low for retail.
The year 2023 ended with just 4.6% of retail space available nationwide
Atlas Holdings initiative already has scooped up 23 assets for $300M
This group is more exposed to rising borrowing costs.
Winning bid will redo 70 acres in Midway District occupied by NAVWAR hangers.