NEW YORK CITY—In the most recent episode of the Knakal News Network, Massey Knakal Realty Services chairman Robert Knakal reviews the investment market for the first quarter of 2014.
For the first quarter of 2014, property sales here “couldn't possibly be any better,” Knakal says: dollar volume is at $13.3 billion for the quarter while property volume is at 1,255 sold for the quarter, on pace for a record. Even though dollar volume only projects to about $53.1 billion, Knakal reminds that the first quarter tends to be a slower quarter than the rest of the year, suggesting that projections might be much higher overall. He further breaks down which boroughs are seeing the most activity, and shows what those numbers mean for the market at large.
To watch the full video “1Q14 NYC Investment Sales Market,” click here. To see more 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.
