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Office Sales Come Easier This Year

NEW YORK CITY-Thanks in part to an improved debt market, Manhattan’s investment sales market in 2010 could double or triple 2009’s, experts told a NAIOP audience.

By Paul Bubny | Updated on September 21, 2010

NEW YORK CITY-It isn’t likely to scale the 2007 heights of the $48-billion office investment sales market here, but 2010 is a decided improvement over last year’s historic low point, experts told a NAIOP New York City audience Tuesday.

The $6.8 billion in sales year to date are on pace to double or even triple the 2009 total of $3.5 billion, moderator Jon Caplan said, and the NAIOP panelists—all of whom have contributed to this year’s tally—shared some of the thinking behind their investment plays. All agreed that raising debt and equity this year is an easier proposition than a year-and-a-half ago.

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