Investment sales have rebounded to pre-pandemic levels for the second consecutive quarter in Manhattan, according to a report by Avison Young.
Manhattan recorded 87 transactions for an aggregate value of $5.4 billion, representing a 109% increase in deal count and 45% increase in total dollar volume over the trailing four-quarter average, the report showed.
"This is the second consecutive quarter where we are seeing dollar volume quadruple and transaction count more than double the COVID average," James Nelson, principal & head of tri-state investment sales at Avison Young, said in prepared remarks.
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