How Rising NYC Commercial Real Estate Values Are Impacting Business Insurance Premiums in 2024
NYC’s Commercial Real Estate Boom Drives Business Insurance Costs to Record Highs in 2024 New York City’s commercial real estate market has experienced a remarkable transformation in 2024, with trophy Class A rents in Midtown climbing to around $120–$125 per square foot and the city’s office market outperforming other major U.S. office markets. However, this resurgence comes with an unexpected consequence: business insurance premiums are […]
