2025 Year in Review: Abe Schlisselfeld, CBIZ

What transaction, project, or key moment best reflected the direction of the New York CRE market this year? This year, office-to-residential conversions truly reflected New York’s CRE market shift. We have seen more underused office spaces repurposed for housing, requiring careful navigation of financing, tax incentives, and local regulations. The trend highlights how flexible strategies and local market knowledge are essential for turning challenges into opportunities.

What emerging trends or shifts will shape opportunities for you, your firm, or market sector in 2026? Looking ahead to 2026, three trends that will influence New York CRE: refinancing pressures, evolving workforce and benefits needs, and increased PropTech adoption. Navigating these changes requires awareness of market data and local regulations, as well as the ability to adjust strategies that balance operational efficiency and long-term value.