Partner Bradley Kaufman Speaks to Law360 on Commercial Real Estate Trends
Bradley Kaufman, a partner in Pryor Cashman's Real Estate Group, was quoted in Law360 for its article, “NYC Retail Boom Signals Monster RE Prices In 2014.” The article discusses the frenzy that New York City's retail market has experienced in 2013, and the reasons why experts — particularly those in leasing — expect the activity volume and high pricing to continue growing in 2014.
"I have never seen a frenzy like this past year in the retail leasing market in New York City, both in terms of the number of deals — the volume — as well as the escalation in pricing," said Kaufman. The main reason for the frenzy is the increase of foreign retailers leasing or purchasing space in New York City.
To read the Law360 article in its entirety, please click here.
