Uniondale, NY, December 20, 2018— Brian R. Sahn was featured in the Who’s Who in Real Estate Law special section of the Long Island Business News. He answered the question, “As you look into the 2019 commercial/residential real estate industry what should business owner/homeowners be concerned about/be aware of?”
He stated that there are a number of global and local factors that point to growing concern and uncertainty that stand to significantly impact commercial and residential real estate. The concerns may spell unusual shifts in the market place, and give opportunity to some and trouble to others.
One issue he noted on the horizon are rising interest rates that correspond to rising mortgage rates. Buyers will have to evaluate their purchasing power as their dollars are stretched. The affordability quotient could be further impacted by stagnating wages in the employee market place.
Housing inventory will influence affordability. Developers have reason for concern, due to rising construction, supply and labor costs, and in other places, local resistance to multi-family developments and over regulation can impede increasing supply.
Brian R. Sahn is co-head of the Firm’s Real Estate Practice Group, where he broadly concentrates his practice in all facets of commercial real estate transactions, including representing clients in purchase and sale agreements, acquisition financing transactions, industrial/economic development projects, transfer of development rights transactions, easement, and right-of-way negotiations and commercial lease agreements in the office, retail, and industrial markets. Brian also has extensive experience in real estate brokerage matters, including representing clients in connection with real estate portfolio management service agreements, corporate global solutions agreements, lease administration agreements, and disputes over commissions and entitlements.