BKREA - BK Real Estate Advisors

Here Are The 2025 Predictions From Real Estate's Top Players I asked a few of my real estate buddies what they thought 2025 will bring in. Here's what they said: Chris Okada | Okada & Company : "I believe the worst is behind us. NYC Office leasing in 2024 broke 30M square feet. I believe the high volume of leasing trends should continue into 2025. I also believe there is tremendous "FOMO" by investors. The last thing we need for a full recovery are the banks. This can take some time. Ryan Serhant | SERHANT. " For residential real estate nationwide, we should see an average price increase of 3% and total volume of sales increase 10%. There were fewer transactions last year than 2023; last year was the worst. [2024] was the slowest year since 94'. 90% of homeowners have mortgages under 5%. There are only so many people that can buy in cash" Check out my story on Instagram (@chrisokada) for the Ryan Serhant interview or link here (https://lnkd.in/es-aZZyj) Bob Knakal | BKREA - BK Real Estate Advisors : "In 2025, sales volume in Manhattan will exceed 5% for the first time in at least 40 years. The long term average is 2.6% and the previous high was 4.3% in 2012. Put your space helmets on, it’s going to be a wild ride!" Adam Dunn | Berkadia : "HNY Chris! The multihousing market is one of the primary sectors institutional investors are bullish. Despite headlines of oversupply, the US is severely underhoused. It is even more pronounced in high barrier to entry markets like the northeast. The favorable supply/demand dynamics coupled with significant amounts of dry powder are resulting in institutional investors to “lean in” to quality assets in quality locations. We anticipate transaction volumes will return to normal during 2025 and beyond. We are ready!" So! Everyone thinks it will be better. Also, 70% of my LinkedIn followers believe the worst is behind us. Cheers!!!

The discussion centers on the impending challenges of commercial real estate loans coming due. Knakal reflects on the changing behavior of lenders and the potential opportunities for brokers amidst evolving market conditions.

"The dark ages of my career." Getting fired last year put a lot of things into perspective. Over the past 40 years, I've been fortunate to close over $22 billion in transactions, a feat built on discipline, dedication, and a passion for NYC's unique real estate market. But what excites me most is what's ahead. As I pivot with BKREA - BK Real Estate Advisors, I'm integrating decades of meticulously gathered market data with the transformative power of AI. By leveraging insights I’ve been collecting since the 1980s, I believe BKREA can punch above its weight, competing with industry giants while remaining a nimble, boutique operation. The world of AI is evolving rapidly, and I’m honored to be part of this innovation in our industry. As I often say, success is about taking the first step and continually adapting to new challenges and opportunities. Thanks to Dan Geiger and Business Insider for sharing my story. Read the full story here: https://lnkd.in/eBbQR9aZ #NYCRealEstate #BKREA

🏙️ Did you know that mixed-use developments can boost local economies by up to 30% compared to single-use projects? At BKREA, we're fascinated by the transformative power of mixed-use developments in revitalizing NYC neighborhoods. These innovative projects are reshaping our urban landscape and creating vibrant, sustainable communities. Here's why mixed-use developments are game-changers: • They foster economic growth by creating jobs, increasing property values, and attracting new businesses. • Sustainability is at their core, with many incorporating green spaces and eco-friendly design practices. Just look at Hudson Yards' extensive green roofs and energy-efficient features! • They enhance community engagement through public spaces, events, and activities. The Brooklyn Navy Yard's transformation is a perfect example of this in action. What's your take on mixed-use developments? Have you seen any impressive examples in your area? Let's discuss the future of urban spaces! 👇 #UrbanDevelopment #MixedUse #NYCRealEstate #SustainableCities #CommunityBuilding🏙️

Last night, the BKREA - BK Real Estate Advisors team hosted an ICSC Holiday Cheers Happy Hour in our Map Room! Our team was thrilled to host over 150 clients & friends for a festive event. A big thank you to everyone who joined us! We’re excited for an incredible 2025 ahead and can’t wait to see you at our next Map Room Happy Hour! 🥂 Here's to more great conversations and opportunities in the year to come! #BKREA #HolidayCheers #MapRoom #RealEstateNetworking #ICSC

🎥 Teaser Clip: Upcoming Podcast with Powerhouse Broker Bob Knakal! In this exclusive interview, legendary New York City real estate broker Bob Knakal dives into the challenges facing housing markets today—comparing the struggles of New York City with those in other cities like Vancouver. He explains how over-regulation, price controls, and restrictions on development are only worsening the affordability crisis. Bob argues that constricting supply only pushes prices higher and points to the success of tax abatements in driving housing creation. He shares insights into how policy makers are unintentionally making cities less affordable, and why true solutions require a shift in thinking. 🎙️ Stay tuned for the full conversation. You won’t want to miss this! Follow the Goodman Report Podcast on your favorite platform and subscribe to get the latest episodes. 👇 Listen on Spotify: https://lnkd.in/gEmg4hfF Listen on iTunes: https://lnkd.in/gnkZPaFS Listen on Amazon: https://lnkd.in/g5UekUHN #RealEstate #NewYorkCity #HousingCrisis #BobKnakal #AffordableHousing #RealEstateInsights BKREA - BK Real Estate Advisors

You may have already seen or heard about it, but I have officially received the prestigious SIOR Global designation. As I shared on NewYork.com, “This recognition reflects not just my personal journey but the collective efforts of my incredible team at BKREA, who have helped push the boundaries of what a real estate brokerage can achieve.” The SIOR designation is a commitment to maintaining the highest standards of professionalism, ethics, and expertise in the commercial real estate industry. To join this global network of top-performing professionals is truly an honor. Thank you to everyone who has been a part of this journey. I could not have done it without you! Read the full announcement on the NewYork.com website. The link will be in the first comment. #SIOR #BKREA #NYCRealEstate 

🏢 Did you know that AI and machine learning are revolutionizing commercial real estate management? The future of efficient property management is here, and it's powered by cutting-edge technology! At BKREA, we're excited about the emerging CRE tech tools that are transforming our industry. These innovations are not just changing how we work – they're redefining what's possible in property management. Here are a few game-changing developments we're keeping an eye on: AI-powered predictive maintenance: By analyzing sensor data, AI can predict equipment failures before they happen, reducing downtime and cutting costs. Smart building technologies: IoT sensors and intelligent HVAC systems are optimizing energy usage, lowering operational expenses, and enhancing tenant experiences. Data analytics for decision-making: Advanced analytics tools are empowering property managers to make data-driven decisions, improving efficiency and profitability. We believe that embracing these technologies is crucial for staying competitive in today's fast-paced commercial real estate market. We're committed to leveraging the best tools available to provide outstanding service to our clients and tenants. What do you think about these emerging CRE technologies? Are you already using any of these tools in your property management strategy? We'd love to hear your thoughts and experiences! #CommercialRealEstate #PropTech #AI #SmartBuildings #DataAnalytics

This Thanksgiving, we’re filled with gratitude for everyone who has helped shape BKREA! To our incredible clients, dedicated team members, and trusted partners – thank you for your support, collaboration, and belief in what we’re building. Together, we’re creating something extraordinary!!🧡🍁🦃 #Thankful #Grateful #BKREA

🏈 Touchdown at BKREA! 🏈 We’re thrilled to welcome to our team Tom Brady – no, not that Tom Brady, but our own real estate MVP! As our new Managing Director, Tom Brady brings nearly two decades of experience to BKREA - BK Real Estate Advisors, specializing in the real estate plays of the Lower East Side, Nolita, and Little Italy. From high-stakes transactions at Douglas Elliman to building his career from the ground up in property management, Tom’s deep understanding of the Manhattan market makes him a true game-changer. His strategic expertise, client-focused approach, and passion for the industry have earned him a loyal fan base of clients who know they’re in good hands when he’s on their team. 🏙 Let Tom Brady QB your next transaction – he’s ready to help you maximize the sales price of your asset! #WelcomeTom #RealEstateMVP #BKREA