NEW YORK CITY—In the most recent installment of the Knakal News Network, Massey Knakal Chairman Robert Knakal looks deeper into the first quarter's supply-demand environment in the New York City realty market.
One of the luxuries of operating in New York is that historically supply has excessively exceeded demand on a regular basis, says Knakal. In fact, the average rate of property turnover in a given year is only 2.6%, adds Knakal. Backing up his previous assessment, Knakal maintains that 2014 could shape up to be a banner year. He examines the factors shaping the current market—from interest rates to class of supply to the types of investors—and shares a few of the ratios that help strengthen this assessment.
To view the full video, "Supply and Demand 1Q14," click here. For other episodes of the Knakal News Network, click here.
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Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
