Join Noah and John from UrbanDigs as they host a live webinar to dive into the complexities of the NYC commercial real estate markets with James Nelson, a leading expert and top producer from Avison Young. With extensive experience and deep knowledge of New York City's real estate landscape, James shares valuable insights on the current state of the market, investment strategies, and the potential for converting office spaces to residential properties. This episode provides a comprehensive overview of commercial real estate's current challenges and opportunities, making it a must-watch for investors, developers, professionals, and real estate enthusiasts.

Highlights:

01:00 - Current State of NYC Commercial Real Estate

03:30 - Impact of Rising Interest Rates

05:35 - Buyer and Seller Psychology

07:00 - Foreign Investment Trends

09:00 - Office Leasing Market Post-COVID

10:55 Office-to-Residential Conversions

12:00 - Impact of 2019 Legislation on Multifamily Investments

15:00 - Retail Market Resurgence

17:10 - Challenges in the Office Market

20:00 - Understanding Cap Rates

23:00 - Insights on Pfizer Building Conversion

27:00 - Working with Commercial Brokers

33:00 - Alternative Uses for Office Space

36:10 - Local Law 97 and Its Impact

40:00 - Staying on top of data

42:00 - Is distress priced in?

45:15 - Podcasts as resources

Link to James' Book, The Insider's Edge to Real Estate Investing:

https://www.amazon.com/Insiders-Edge-Real-Estate-Investing/dp/1264865996

Links to James' podcast:

https://podcasts.apple.com/us/podcast/real-estate-investing-live-from-new-york/id1486367901

https://open.spotify.com/show/0UcAl1JlzgGnHqQU4ayzQ5

https://jamesnelson.com/

James' Page at Avison Young

https://www.avisonyoung.com/professionals/-/ayp/view/james-nelson/in/new-york

Connect with James on LinkedIn:

https://www.linkedin.com/in/jamesnelsonnyc/

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Got questions? We got answers! Visit our forum:

https://www.urbandigs.com/forum/index.php?forums/main-forum.2/

Track the New York City real estate market with real-time data and charts:

https://www.urbandigs.com/

Link to our overview of Manhattan or Brooklyn real estate stats:

https://www.urbandigs.com/marketwide-charts/

For more Manhattan and Brooklyn real estate conversations:

http://www.talkingmanhattan.com/