Overview

New lease: Increased consumer spending and business confidence will support industry growth

The Commercial Leasing in New York industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • New commercial development is projected to outgrow the pace of absorption, especially within the office space and retail markets
  • Office vacancy rates within the state have been considerably lower than the national average
  • New business formation is anticipated to speed up

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Commercial Leasing industry in New York is low. Among the estimated 47,778 commercial lessors in New York, the top four operators account for an estimated 13.9% of industry revenue. Roughly 91.0% of commercial lessors are nonemployers with small operations, thereby limiting their ability to garner a large share of revenue. Moreover, many operators act as sublessors, whereby they rent buildings from larger commercial real estate companies and subsequently lease these facilities to other businesses. This practice allows a sublessor to circumvent the

    high amount of capital that is usually required to enter the industry, leading to further fragmentation.

    ..

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    Additional Insights for the Commercial Leasing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Commercial Leasing in New York Industry are

  • Financial structure of the company
  • Good project management skills
  • Management of a high-quality assets portfolio
  • IBISWorld analysts also discuss how external factors such as Investor uncertainty and Number of Businesses in New York in the Commercial Leasing in New York industry impact industry performance..

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    Industry Products

    What is the Commercial Leasing in New York Industry?

    Operators in this industry serve as lessors of buildings in the state of New York 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.

    Industry Products
    Renting office buildings
    Renting retail buildings
    Renting industrial buildings
    Industry Activities
    Renting or leasing office property
    Renting or leasing property
    Renting or leasing industrial property
    Renting or leasing arena, convention or stadium property

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Investor uncertainty
  • Number of Businesses in New York
  • Population of New York
  • Unemployment Rate in New York

  • Current Performance
  • Growing office market
  • Changing retail landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Office growth softens
  • Retail challenges
  • Table: Commercial Leasing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Leasing in New York Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Wholesale Trade
  • Retail Trade
  • Finance and Insurance
  • Retirement & Pension Plans
  • Accommodation and Food Services
  • Public Administration

  • Key Selling Industries
  • Construction
  • Finance and Insurance
  • Property Management
  • Real Estate Sales & Brokerage
  • Utilities

  • Products & Services
  • Renting office buildings
  • Renting retail buildings
  • Other
  • Renting industrial buildings
  • Chart: Commercial Leasing in New York Industry Products and Services Segmentation

  • Major Markets
  • Office and professional buildings
  • Shopping centers, retail shops and flea market spaces
  • Industrial buildings
  • Other non-residential properties
  • Chart: Major Market Segmentation for the Commercial Leasing in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Leasing in New York

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Commercial Leasing in New York Industry

  • Major Companies
    Brookfield Asset Management Inc.SL Green Realty CorporationTishman SpeyerVornado Realty Trust
  • Table: Brookfield Asset Management Inc. - financial performance
  • Table: SL Green Realty Corporation - financial performance
  • Table: Tishman Speyer - financial performance
  • Table: Vornado Realty Trust - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Leasing in New York Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Commercial Leasing in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of Businesses in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Class A Building
  • A commercial office building that commands the highest rent due to the attractiveness and prestige associated with its location, tenancy, amenities and overall desirability.
  • Funds From Operations (Ffo)
  • A measurement used to define cash flow from operations for REITs and calculated by adding depreciation and amortization expenses to earnings.
  • Leadership In Energy And Environment Design (Leed)
  • An environmental building certificate program established under the US Green Building Council that ensures buildings meet energy-efficiency and green requirements.
  • Leverage
  • The amount of debt used to finance a firm's assets. A firm that has a higher level of debt than equity is considered to be highly leveraged.
  • Loan-To-Value Ratio (Ltv)
  • A ratio used to determine how much of a property is being financed or leveraged. For example, a $100,000 house with a mortgage of $80,000 has an LTV ratio of 80.0%.
  • Occupancy Rate
  • The rate of available spots at a center or a building that are filled. A rate of at least 70.0% is necessary for a center to be profitable.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify as a REIT, the entity must distribute at least 90.0% of taxable income.
  • Vacancy Rate
  • The percentage of total available real estate space that is unoccupied.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Commercial Leasing in New York:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Commercial Leasing in New York market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Commercial Leasing in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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