New York City's commercial property sales rose 70% year over year in the first quarter, reaching $12.42 billion, with deals in Manhattan more than doubling to $8.9 billion, Cushman & Wakefield says. "2018's first-quarter activity has showcased a well-balanced offense with several individual transactions contributing to the overall return of confidence and healthy transaction levels," said C&W's Douglas Harmon.
New York City's CRE market posts 70% increase in sales for Q1
Sign up for Real Estate Investment SmartBrief
News about REITs and real estate investment
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.