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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
