The Real Estate Board of New York (REBNY) has released its Real Estate Broker Confidence Index report for the first quarter, revealing a record low in commercial broker confidence and relative stability among residential brokers. Rising interest rates, challenging office market conditions, and banking sector instability have caused commercial broker confidence to reach new lows. Residential brokers reported improved sales and sustained leasing activity in the higher price ranges; however concerns remain regarding ultra-luxury transactions and potential recessionary impacts. The report also highlights obstacles to housing development, financial sector instability, return-to-office activity quality of life issues as well as potential regulations impacting property investors and maintenance.
Gardiner & Theobald Renews Five-Year Contract with Moinian Group
The Moinian Group has successfully renewed a five-year lease with Gardiner & Theobald, an independent construction and property consultancy, for
Steve Griffin
January 31, 2025
