Tariffs and Interest Rate Woes Stymie the Real Estate Comeback
Spencer Levine, the president of RAL, a family-owned New York City-based commercial real estate investment and development firm, had expected a promising year for property dealmaking.Like many investors in the industry, Levine believed interest rates would fall, the economy would remain solid, and more commercial real estate assets would hit the market for sale after two years of diminished activity — allowing buyers like him to snap up opportunities.Nearly halfway through, 2025 is instead turning into a bust."I don't think there's been nearly as many properties in New York that...



