In recent years since the COVID-19 pandemic and the fluctuating economic state of the real estate market, commercial real estate in NYC has been trending downward. Many companies choose to work entirely remotely or on a hybrid schedule, resulting in many vacant office buildings with reduced value. If you are planning an office move, these trends in the market may impact the space you choose, how you organize your space, and other services you may need. 

At CRS Moving & Storage, we always stay updated on commercial real estate trends to provide you with the most accurate and valuable information. This knowledge helps you stay informed and make the best decisions for your business. Our well-trained team has provided unmatched, one-stop-shop services to NYC companies for over two decades, so you can rely on us to create a customized solution tailored to your needs. With our high-quality team’s support and guidance, your company can continue to grow and succeed in your new space.

3 Trends in NYC Commercial Real Estate

The NYC commercial real estate landscape changes constantly, especially as people slowly return to in-person offices and online shopping gains popularity. These changes have impacted the commercial real estate sector nationwide, and NYC is no exception. Recent trends in this industry include the following:

PropTech

Property technology, or proptech, refers to applying information technology to improve how people interact with buildings. This technology has impacted the commercial real estate industry by using digital office models to create flexible office spaces and connected building applications, improving efficiency and saving costs.

Investors

As commercial real estate continues to take a downturn, investors are deciding to either let go of their assets or hold onto them to recapitalize or reposition them if they have a long-term future. This trend provides insight into how owners and investors view and interact with the office market and what decisions they will likely make moving forward.

Hybrid

While people are returning to work in offices, most are not returning for a whole five-day work week. Instead, many companies are opting for a hybrid schedule that allows employees to work from home for a portion of the week. This trend has left many offices vacant throughout the week and may affect how companies design their offices.

How Do Commercial Real Estate Trends Affect Your NYC Move?

If you are planning an office move in NYC, these real estate trends may impact the planning process and the choices you make for your business. Our experienced team provides support every step of the way so you always feel informed. Depending on your business’s unique needs and goals, commercial real estate trends could affect your relocation in the following ways:

  • Office Space: The current commercial real estate market trends may play a role in which office space you decide to move into. It’s important to consider which space will be the most useful and productive, fits your budget, and meets your needs.
  • Configuration: The increasingly popular hybrid work schedule may influence how you want us to configure your new office. For example, you may decide to include fewer desks and cubicles and more meeting space.
  • Moving Costs: You may decide to move to a smaller office space due to a hybrid or a larger one due to the decreased value of commercial real estate. This decision could impact how much you have to move or store, which factors into your moving costs.

Regardless of your move’s size, scope, or distance, our professional team works closely with you to create a customized, cost-effective solution. We provide open and honest communication from start to finish so you never feel left in the dark and have the knowledge you need to make the best decisions for your business.

Start Planning Your Commercial NYC Move With the Experienced Team at CRS Moving & Storage

With commercial real estate trends constantly changing, it can be challenging to know where to start in planning your company move. Fortunately, you don’t have to figure it out on your own. Our seasoned and skilled team at CRS Moving & Storage can help you understand how these trends impact your relocation and provide all the services you need for a seamless and successful transition. 

Our all-inclusive services begin with a complimentary planning and logistics session where we take the time to understand your needs and goals for your move. This hands-on approach allows you to focus on business matters while we ensure the relocation process goes smoothly. To schedule your free consultation today, call us at (718) 424-6000 or fill out our contact form.