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Episode 118 – December 5, 2023

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Unveiling NYC’s Commercial Real Estate Landscape

Join Cory in an exclusive interview with Bob Knakal, a distinguished figure in New York City’s commercial real estate scene, boasting an impressive 40-year tenure in the industry.

In this episode, Bob delves deep into the intricate details of the NYC office market. Gain unparalleled insights into the current vacancy rates, trends, and surprising lease rates for prime retail spaces.

Prepare to be astonished as Bob unravels the realities shaping the bustling commercial landscape of the Big Apple. This episode is a must-listen for anyone intrigued by the dynamics of one of the world’s most vibrant real estate markets.

Don’t miss out on this insider’s perspective with Bob Knakal!
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Guest Information

Bob Knakal

Bob Knakal is the Senior Managing Director and Head of New York Private Capital Group at JLL.

Bob was Chairman and Founding Partner of Massey Knakal Realty Services, New York’s #1 building sales firm. He started his real estate career in 1984 at CB Richard Ellis where he met Paul J. Massey Jr. They both left CB in 1988 to form Massey Knakal.

From 1988 through 2014, Massey Knakal closed over 6,000 transactions with an aggregate value in excess of $23 billion. To date, Bob has been personally responsible for the sale of over 2,000 buildings (generally considered to be the highest total ever for a single broker in New York) and over $18 billion in sales.

In 2014, Cushman & Wakefield acquired Massey Knakal. At Cushman & Wakefield, Bob acted as Chairman of New York Investment Sales. He was ranked the top originating investment sales broker at Cushman & Wakefield, globally, in 2014, 2015 and 2016. Bob joined JLL in September of 2018.

Since 2009, Bob has written a weekly column on the New York City Real Estate Market called Concrete Thoughts for the Commercial Observer.

Episode Summary

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Episode Host

Cory Wright

cory@williamwright.ca

Cory is the founder and Managing Broker of William Wright Commercial. Since its inception in 2013, he has successfully closed over $500,000,000 in commercial investment properties ranging from large-scale open-air shopping centers to highly desirable Vancouver development sites and everything in between.

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