The Fed raised rates by 25 basis points to 3.75%–4.00%, citing stronger economic growth, rising inflation and geopolitical uncertainty. Higher rates are pushing borrowers toward flexible short-term debt and putting downward pressure on asset pricing, while strong market liquidity continues to drive lender competition and transaction activity.

In this episode, Shimon Shkury speaks with Sean R. Kelly about Brooklyn’s commercial real estate market in the first half of 2026. The conversation covers the borough’s strong development activity, rising land values, the impact of zoning and tax incentives, and growing distress in the rent-stabilized multifamily market.

Situated in the heart of Downtown Brooklyn, 305 Livingston Street sits within one of the city’s most populated retail hubs. Flanked by the Fulton Mall and the City Point development, the area is a magnetic destination for both national flagship retailers and trendy local boutiques, commanding a staggering foot traffic of over 15,000–20,000 pedestrians daily