Uncertainty and mixed signals continue to rule the day, and we're not talking about the New York Giants' football offense.
The trajectory of commercial real estate transactions in NYC also has been sacked behind the line of scrimmage in recent days, quashing any hopes that a second-quarter rally would lead to a year-end victory celebration.
After surging to $2.8B in the second quarter, NYC CRE transactions returned to what we were prepared to declare a bottom: the first-quarter total that now is also the third-quarter total of $2.2B, according to Avison Young data.
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