NEW YORK CITY—In the latest installment of the Knakal News Network, Massey Knakal Chairman Robert Knakal reviews the office sales market for 2013, and looks at how the trends stack up for 2014.
The year 2013 was marked by larger transactions, says Knakal: while there was a 41 percent increase in dollar volume, 2013 saw 36 less buildings sold. What this suggests, says Knakal, is that the amount of money for each individual transaction was much higher than the previous year. This bears out with a greater number of transactions topping the $1 billion mark. Knakal looks at the overall traits that characterized the market last year, and gives his reasons for why he's optimistic about 2014.
To see the full episode, "The 2013 NYC Office Sales Market," click here. For more episodes from 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.
