New York City Real Estate News
New York City
47.9 Million Americans Will Travel This July 4th Weekend
This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.
7.8 Million U.S. Homes at Risk of Hurricane Destruction in 2022
According to CoreLogic's recently released 2022 Hurricane Report, nearly 7.8 million U.S. homes with more than $2.3 trillion in combined reconstruction cost value (RCV) are at risk of hurricane-related damages.
Post Covid, New York City Hotel Market on the Road to Recovery
Global property consultant CBRE is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth.
National U.S. Office Rents Slip Annually in May
According to Eliza Theiss of CommercialEdge, remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay.
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