Fears about the economy are hard to ignore, but one sector of commercial real estate appears poised to defy the uncertainty: New York City multifamily properties. Despite the recent volatility and uncertainty, NYC's multifamily market seems ready for a standout year.
JLL brokers Rob Hinckley and Jeff Julien forecast that multifamily sales volume in New York City will reach an impressive $10 billion this year, surpassing the combined totals of the previous two years.
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