Manhattan property sales hit five-year high in Q1
Manhattan’s commercial property market is so back…at least so it seems. In the first quarter, there were 92 transactions in the borough — encompassing multifamily, office, retail, development and conversions — totaling $3.7 billion traded, according to the Commercial Observer, via an Avison Young report. That represented a 37 percent increase from last year’s $2.7 billion first quarter dollar total and top quarterly mark since 2021. The multifamily market exploded to $1.07 billion in deals in the first quarter, up 141 percent year-over-year. The sector made up nearly half of the deals tracked by Avison Young; if the market keeps […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Billionaire Kwek Leng Beng’s CDL Outbids Rivals With $422
Million Offer For Prime Singapore Site
Technology Helping Address Construction Labor
Shortage
Pocket listings face another setback as New York advances
crackdown
Brandon Miller’s East Village project lands first office
tenants
Your Pool Is an Asset—It’s Also a Lawsuit Waiting to
Happen
Inside the Search: The Pipes Burst During the Final
Walkthrough. He Bought the House Anyway.
Anyone Can Flip a House After Hearing This
“Un-f*cking-believable”: Actors hired for landlord “zombie”
demonstration say they feel manipulated
Housing Notes: Some streets in the Hamptons just hit
different
Pied-à-terre tax rollout poses enforcement, compliance
hurdles:“Shock to the luxury real estate market”
