Commercial Leasing in New York - Industry Market Research Report

Commercial Leasing in New York - Industry Market Research Report

  • February 2019 •
  • 20 pages •
  • Report ID: 5745416 •
  • Format: PDF

Prime real estate: The industry is expected to contract as a result of broad economic factors

Abstract

Commercial Leasing in New York
Over the past five years, increased consumer confidence and household disposable income have encouraged greater consumer spending, leading to increased business production and inventory space. As the overall economic recovery has unfolded, increased demand for industry services is expected to bolster revenue over the five years to 2017. A strong rebound in the corporate sector is driving a turnaround in the commercial leasing market. However, growth will slow over the next five years as pent-up demand continues to be satisfied. What growth that does occur is expected to result from increased corporate profit during the outlook period. Overall, industry revenue is forecast to increase over the five years to 2022.

Operators in this industry serve as lessors of buildings that are not used as residences or dwellings. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it to others, and establishments that provide full-service office space. This industry excludes general warehousing and storage companies, such as self-storage businesses.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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