Overall, all properties in the city were valued at $1.4 trillion, 2.1 percent above pre-pandemic levels
Development parcels also traded hands, while industrial sales took the week off
Multifamily assets boosted the market to levels not seen since 2018
Multifamily and industrial sales led sectors with $335.3B and $166B, respectively
42% increase in multifamily transaction volume
Multifamily and industrial are doing particularly well; office and retail are showing resiliency too
Covid-19 pandemic has rattled the commercial real estate (CRE) sector
Overall, broker confidence reached a 6.6 out of 10, which was a 79%.
Rentals are now moving, there’s a pent-up demand, buyers are coming up to seller’s price.
“Strong economic growth, some indication that the pandemic coming under control, and continually supportive government policy all suggest broad positive […]
Discussing various real estate asset classes a year into the pandemic, guests see hopeful signs of increased activity in the […]
Guests are optimistic about 2021, expecting low growth in the first quarter, with gains in the second half.
US deal volume nearly doubled quarter-over-quarter; multifamily and industrial held strong
Guests discuss a trend in investment sales to seek transactions outside of New York
Any parts of the bill: loan forgiveness, eligibility, administration still require clarification