Commercial Hall of Famer Bob Knakal, the Senior Managing Director and Head of New York Private Capital Group at JLL, sits down with Noah Rosenblatt and John Walkup of UrbanDigs to talk NYC real estate. In a wide-ranging conversation, Bob shares his thoughts on the current commercial real estate market(s) in New York City, land values, cap rates, the importance of finding your specialty, the value of hard work, why offices foster learning, and much more. Bob's a living legend which makes this a must-listen!

Highlights:
0:46 - What's happening in the markets today?
6:45 - Becoming an expert
10:22 - Thoughts on the office sector
13:23 - Data and resources to track
15:09 - Framing challenges as opportunities
16:25 - It's ok to say no: advice on growing business
19:55 - Why smaller sites are more marketable
21:00 - Closing thoughts

Bob's page at JLL:
https://www.us.jll.com/en/people/bob-knakal

***  NEW ***
Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email support@urbandigs.com and let us know what you need.

Got questions? We got answers! Visit our forum:
https://www.urbandigs.com/forum/index.php?forums/main-forum.2/

Track the New York City real estate market with real-time data and charts:
https://www.urbandigs.com/

Link to our overview of Manhattan or Brooklyn real estate stats:
https://www.urbandigs.com/marketwide-charts/

For more Manhattan and Brooklyn real estate conversations:
http://www.talkingmanhattan.com/

From a Commerical Point of View with Bob Knakal

Real estate attorney superstars Pierre Debbas and Jonathan Helfer of Romer Debbas, LLP sit down with Noah Rosenblatt and John Walkup of UrbanDigs to talk about the NYC real estate market today. Pierre and Jonathan see a tremendous amount of deal flow ranging from plain vanilla coops to ultra-luxury condos, so they have real-time insight into the state of the market, negotiability, and concessions, as was as what's motivating buyers, sellers, and developers these days. They are two of the best!

Highlights:
0:58 - State of the market
4:59 - Negotiability and concessions
8:31 - Buyer fears vs urgency
9:51 - High end doing ok
11:42 - Attorneys as colleagues, not competitors
12:49 - Contract turnaround time these days
13:34 - Financing contingencies and multiple offers situations?
14:30 - New devs and closing thoughts

Pierre's page at Romer Debbas
https://www.romerdebbas.com/staff/pierre-e-debbas/
Jonathan's page at Romer Debbas
https://www.romerdebbas.com/staff/jonathan-helfer/

***  NEW ***
Need data to anchor a listing pitch or support a price reduction? Try UrbanDigs Advisor today! Our customized deep dives close deals faster and make you look like a hero. Plus, subscribers get a discount! To get started, email support@urbandigs.com and let us know what you need.

Got questions? We got answers! Visit our forum:
https://www.urbandigs.com/forum/index.php?forums/main-forum.2/

Track the New York City real estate market with real-time data and charts:
https://www.urbandigs.com/

Link to our overview of Manhattan or Brooklyn real estate stats:
https://www.urbandigs.com/marketwide-charts/

For more Manhattan and Brooklyn real estate conversations:
http://www.talkingmanhattan.com/

The Spring 2023 Season with Piere Debbas & Jonathan Helfer

Noah Rosenblatt and John Walkup from UrbanDigs talk real-time NYC real estate data and trends.

The Spring 2023 Season with Piere Debbas & Jonathan Helfer

Talking Manhattan

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