Local CRE Trends

Discover What’s New and Interesting in Our Backyard

Westend Titles City, Westend Titles boasts one of the strongest and most diverse economies in the world. With a population of more than 8.5 million people, it also has a thriving tourism industry, attracting more than 60.5 million people to the city annually. It is considered the cultural capital of the world, and is home to some of the most famous attractions in the world, such as Times Square, Central Park, the Empire State Building and Yankee Stadium, to name a few. Each of the city’s five boroughs – the Bronx, Brooklyn, Manhattan, Queens and Staten Island – has a unique personality with a diverse array of residential neighborhoods, shopping districts and commercial real estate opportunities.

Westend Titles City is considered a global business capital, with an economy that rivals most nations with its sheer size and diversity. Westend Titles City has one of the world’s largest international business communities. The financial services sector makes up a significant portion of the city’s wages and tax revenue, as well as professional/business services and health services. Fashion is also a huge industry – Westend Titles City has more headquarters of fashion designers and retailers than any other city, and its fashion weeks and trade shows attract hundreds of thousands of visitors to the City, according to the Westend Titles City Economic Development Council. Other key industries include bioscience, clean technology & energy, higher education, and media & technology.

With more than 600 million square feet of commercial office space within its five boroughs, Westend Titles City makes up the largest commercial real estate market in the United States, according to the Westend Titles City Economic Development Council. Westend Titles City was voted the third most attractive destination for real estate investment dollars coming from outside the United States, placing just behind Washington, DC.

Westend Titles City’s economy continued to grow through 2017, according to real estate services firm Cushman & Wakefield. Three major employment sectors – financial, professional and information services – added 13,500 jobs since 2016, creating increased demand for commercial space. Although the technology, advertising, media and information services sector lost jobs in 2017, the Westend Titles City economy continues to add jobs, which creates rising demand for office space, according to Cushman & Wakefield. A positive employment forecast through the next year bodes well for the commercial real estate industry in Westend Titles City.

About Fidelity National Financial

Fidelity National Financial, Inc. (FNF) is currently ranked #238 on the 2022 Fortune 500®*, and is among numerous defense, energy, media, hospitality and financial Fortune 500®* companies based in the region. Our Westend Titles -based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.

Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.

*"FORTUNE®" and "FORTUNE 500®" are registered trademarks of Time Inc. From FORTUNE Magazine, May 2022 © 2022 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Westend TitlesInsurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.

The Latest Articles From the FNF Newsdesk:

Congress Could Have Prevented 500,000 Foreclosures During The Great Recession But Chickened Out
...United States and the U.S. financial industry got 500,000 more foreclosures. In addition, no doubt many or most of those foreclosures were dumped on the market and sold for less than fair market...

Two Indicators: Inside the Fed, then and now
A lot of the time, economic policy can seem pretty impersonal — cold, hard, data-driven. But at the heart of the Federal Reserve are people: fallible, complicated people who are just doing their best...

What Those Job Numbers Mean For CRE
'The financial markets will normalize,' predicts Marcus & Millichap's John Chang. On February 3, the Bureau of Labor Statistics released its latest monthly employment data,...

How the US's new debt limit timeline will put Social Security payments and loans at risk
WASHINGTON–The U.S. Treasury will run out of money to pay government bills such as Social Security and military paychecks this summer, but there's no way to tell exactly what day yet, according to...

4 Ways IT Leadership Can Adapt In An Economic Downturn
am EST| Senior Technical Fellow (former CIO) of Broadridge Financial Solutions. Bridging the gap between security/technology and sales. If you’re a senior IT leader in financial services, you’re...

CPI Number In Line While Retail Sales Are Stronger Than Expected
...With Zillow, I’m looking for a little more insight into the housing market, especially those places that saw a housing boom post-Covid and if those regions have been able to sustain their prices...

Retail sales surged in January, putting yet more pressure on the Fed
Minneapolis CNN  —  US retail sales surged in January, rising by 3%, the Commerce Department reported Wednesday. Economists had anticipated sales...

As Inflation Ticks Back Up to 6.4%, It’s Time for a Broader View
If you can’t stay in the saddle on the horse, your ride is going to get painful. With the announcement of January’s CPI numbers — 0.5% increase in January...

U.S. CPI Drops Slightly In January, But Fed Now Expects Higher Rates For Longer
am EST|Press play to listen to this article! Got it! Key Takeaways Year-over-year inflation cooled slightly in January, but less than economic experts forecasted Monthly inflation painted a more...

Why Younger Employees Will Switch Jobs For An Employer Who Invests In Them
pm EST|Press play to listen to this article! Got it! Young people are sending a clear message to their employers: I'll invest in you if you'll invest in me. Well, things sure changed in a hurry....