Property developer and private equities expert, Jacob Frydman recently examined the underlying cause of the high demand and lack of supply of commercial real estate (CRE) in the New York City area and other major cities across the U.S. He explains it to be due to the extreme competition for virtually any type of site that can be used or converted for technology companies or multi-family condos. These properties are being purchased as soon as they come on the market, leaving industrial tenants paying higher rents or expanding their searches to neighboring boroughs and states, as reported by a recent article in National Real Estate Investor.
Jacob Frydman is a graduate of Boston University (B.S., Finance) and Case Western Reserve University School of Law (Juris Doctor). He has renovated over 5 million square feet into urban retail outlets, medical office buildings, financial center offices, and assisted living facilities over the course of his 30 year career. As a recognized property investment expert, Mr. Frydman is often a featured contributor and panelist at industry seminars speaking on complex acquisitions and transactions, guest lecturer on real estate finance at Columbia University, and in the Master’s Lecturer series sponsored by New York Law School. He frequently appears on television programs including CNBC, Bloomberg TV, FOX News, and others to discuss trends in commercial real estate.
Jacob Frydman – CEO & Chairman – United Realty Advisors, LP – LinkedIn: https://www.linkedin.com/in/jacobfrydman
Jacob Frydman – Huffington Post: http://www.huffingtonpost.com/author/jacob-frydman