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/

** Need a price cut? Want to wow a seller? Use UrbanDigs Advisor! **
Our customized pricing service closes deals faster and makes you look like a hero. Plus, subscribers get a big discount, so the ROI is literally OFF. THE. CHART. Email support@urbandigs.com and let us know what you need!
https://www.urbandigs.com/advisor/

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/