New York commercial brokers — faced with a complex array of market challenges — are gloomier about their prospects than they have been at any point in the last six years.
The Real Estate Board of New York’s Real Estate Broker Confidence Index report for the first quarter of the year showed the current confidence index for commercial brokers was at -74.7 in Q1, down from -45.6 in the last quarter of 2022. That number represents the lowest confidence level since REBNY started running the survey in Q3 2017.
A score of 0 represents neutral sentiment. At this point in 2022, commercial broker confidence…

The United States is entering an array of agreements to secure the critical minerals necessary for the energy transition, but it’s not clear which of the arrangements can succeed.

Many employers’ health plans are trying to restrict access to the pricey drug and alternatives like Wegovy.

Having angered travelers and lawmakers, airline executives and aviation officials said they were reducing flights, hiring staff and making other changes to avoid disruptions this summer.

Apple, Starbucks, Trader Joe’s and REI are accused of targeting union supporters after organizing efforts gained traction, charges the companies deny.

A new Federal Reserve survey finds that the strong job market hasn’t been enough to offset the rising cost of living for many families.

Cashing in on Micron’s woes in China won’t be easy for South Korea or rivals Samsung and SK Hynix, as geopolitics complicate what could be a welcome opportunity to boost sales.

Many economists say the problem reflects a jobs mismatch that could defy government solutions for years.

With the United States at risk of defaulting for the first time, hopes for a breakthrough have dimmed in recent days.

Vacancies are climbing and rents are sinking amid a stalled return-to-office rate.