WASHINGTON, DC–Local office investment sales are on track to equal or even slightly exceed those in 2015, according to stats from Newmark Knight Frank's BenchMarks 2017, which Greg Leisch, senior managing director of Market Research presented last week.
As a reminder, 2015 was a very good year both nationally and locally, with investment sales peaking.
Unfortunately for much of the rest of the nation, they will not be experiencing a repeat of that good year. As one example, New York's investment sales for office is down about 40% year over year, according to NKF's Sandy Paul.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
