The Real Deal - New York Real Estate News

COVID-safe office buildings come at a cost to Mother Nature

Posted: 25 Jul 2020 11:00 AM PDT

Many office landlords are beefing up their HVAC systems and running them longer to mitigate the airborne spread of Covid-19, but that comes at a cost. Increasing the circulation of outside air through a building is seen as the best way to ensure safe and clean air, but it has to be heated or cooled first. One trade group for HVAC engineers suggested landlords run their HVAC systems 24 hours a day. That means more

Falling rents in China a sign of economic uncertainty

Posted: 25 Jul 2020 09:00 AM PDT

Rents are falling in some of China’s biggest cities amid a decrease in demand for apartments. The overall economic slowing brought on by the global coronavirus pandemic as well as China’s ongoing trade war with the United States are both impacting the apartment market in China, according to the Wall Street Journal. Average rents across China’s midsize to large cities fell more than 2 percent last month year-over year, according to an analysis by real

A Maine island marketed as a “safe and secure haven” wants $250K per week

Posted: 25 Jul 2020 06:00 AM PDT

The vacation rental market isn’t what it used to be before the coronavirus pandemic. Vacation home owners across the country have recast their properties as safe and remote bases to ride out the pandemic, extended rental periods to months and even season-long, and of course upped the rental rate. The owner of a private island in Maine took what he called a “massive pivot” and turned part of his island from an event space for