Artificial intelligence will play a bigger role in commercial real estate in 2025. From automating lease management and analyzing market trends to predicting tenant behavior, AI tools are becoming indispensable. Brokers, landlords and investors who embrace AI will gain an edge in efficiency and decision-making.

"I expect 2025 to be the best market since 2022. I think the market is going to take off like a rocket ship."

In addition to the commissions changes, Leonard noted March 2024 revisions to New York State’s required property condition disclosure practices. Sellers, who could previously opt to pay the buyer $500 at closing instead, are now required to submit a property disclosure form.

Realtor Corey Burr joined Fox 5 with a look of the real estate market for the year ahead. I've taken my family to 5 major steakhouse chains in the US. We enjoyed most, but one is the best by a landslide.