Hello, Commercial Real Estate Pros! 🏢

Big moves are happening in commercial real estate, and if you want to stay ahead of the game, you need to know who’s leading the charge.

This week, we’re diving into the 50 power players shaping Arizona’s future, the key assets fueling NYC’s $28.3 billion sales surge, and the shifting trends in East Baton Rouge that could signal what’s next for the market. Whether you’re eyeing new opportunities or strategizing your next big deal, these insights will give you the edge.

Let’s break it all down.

📰 Upcoming in this issue

• 50 Commercial Real Estate Leaders to Watch in 2025 🏗️📈 

• 3 Assets Behind the Rise in NYC Commercial Real Estate Sales 🏙️📈

• A Snapshot of How the EBR Commercial Real Estate Market Began 2025 🏢📈

📈 Trending news

• Brush Park Building Becomes a CRE Hub

• The Best Commercial Property Management Software of 2025

• Commercial Real Estate Embraces Sustainability Amid Surging Demand

50 Commercial Real Estate Leaders to Watch in 2025 🏗️📈 read the full 2,000-word article here

Article published: February 26, 2025

Arizona’s commercial real estate market is evolving rapidly, and staying ahead means knowing the top players shaping the industry. AZ Big Media’s annual AZ Big 100 highlights 50 influential leaders driving major developments, investments, and innovations across the state.

From visionary developers to construction leaders, these individuals are at the forefront of urban growth, sustainability, and investment trends that will define Arizona’s real estate landscape in 2025.

Key Takeaways:

• 🏗️ Major players in Arizona CRE: Leaders from development, construction, and investment firms are setting the tone for 2025.

• 📊 Market trends shaping the future: Expect continued growth in industrial, multifamily, and mixed-use developments, along with increasing AI and sustainability innovations.

• 🌎 Urban expansion and infrastructure: Experts predict a booming housing market, commercial real estate shifts, and rising demand for flexible workspaces.

• 💡 Leadership insights: Featured executives share their 2025 goals, challenges, and strategies for thriving in an evolving market.

3 Assets Behind the Rise in NYC Commercial Real Estate Sales 🏙️📈 read the full 1,800-word article here

Article published: February 25, 2025

New York City’s commercial real estate market surged by 26% in 2024, reaching $28.3 billion in total investment sales. This growth was primarily driven by office, development, and multifamily assets, which accounted for 70% of all transactions.

With Class A office space attracting top-tier financial firms, a surge in office-to-residential conversions, and strong multifamily investment, the market is showing signs of resilience and transformation heading into 2025.

Key Takeaways:

• 🏢 Office market recovery: $5.4 billion in office sales, led by Class A trophy buildings, while Class B & C offices sold at discounts (11%-73%), drawing opportunistic buyers.

• 🚧 Development boom: $5.5 billion in sales, fueled by office-to-residential conversions, aided by new NYC tax incentives.

• 🏠 Multifamily investment strength: Sales hit $8.9 billion, with free-market properties in Brooklyn & Manhattan seeing high demand from institutional investors.

• 📉 Distressed asset opportunities: $1 trillion in loans are set to mature in 2025, creating prime opportunities for investors.

A Snapshot of How the EBR Commercial Real Estate Market Began 2025 🏢📈 read the full 1,200-word article here

Article published: February 25, 2025

The East Baton Rouge Parish (EBR) commercial real estate market started 2025 strong, with total sales volume rising 2.25% to $403 million in January. Multifamily saw the largest growth, with sales volume up 8.52% to $82.5 million, while retail sales increased slightly to $88.1 million, despite a 3.95% price drop per square foot.

Office transactions grew 6.72%, but values dipped. Industrial sales fell 10%, though prices per square foot increased. Land sales gained traction, rising 4.76% in deal velocity.

As 2025 unfolds, multifamily and land remain strong, while office and industrial markets see mixed trends.

Key Takeaways:

• 🏠 Multifamily sales surge: Sales volume grew 8.52% to $82.5 million, with property values rising to $53,800 per unit.

• 🏢 Office sector mixed: Sales increased 6.72% to $88.5 million, but property values dipped 2% to $142.92 per square foot.

• 📉 Industrial slowdown: Sales fell 10%, but the price per square foot increased to $65.42, reflecting demand for high-quality spaces.

• 🌎 Land sales gain traction: Sales volume rose $2 million month-over-month, with deal velocity up 4.76%, signaling growing interest in development.

Why It Matters

Markets don’t wait, and neither do the smartest investors. Arizona’s top CRE leaders are defining the industry’s future, NYC’s rapid sales growth is revealing where the money is flowing, and EBR’s shifting dynamics hint at bigger regional trends.

If you’re paying attention now, you’ll be ready to capitalize before the next wave hits.

The question is—are you positioned to make the right move?

Anne Morgan
Editor-in-Chief
Commercial Real Estate Weekly