Market Reports
Explore our quarterly market reports, meticulously curated by our research team, as we illuminate trends, analyze data, and provide insights into the intricacies of the city's ever-evolving real estate terrain.
NEW YORK CITY / Q4 2023 / Market Report
New York City investment sales sent out mixed signals in the 4th quarter. Transaction volume totaled $4.07 billion for the period, roughly on par with the $4.04 billion of Q3 2023 (QoQ) and higher than the $3.55 billion of Q4 2022 (YoY). The number of transactions, however, declined sharply QoQ and YoY, with Manhattan and Brooklyn particularly affe...
NEW YORK CITY / Q3 2023 / Market Report
New York City investment sales continued facing significant headwinds in the 3rd quarter. Transaction volume totaled $3.94 billion for the period, well below the $5.33 billion of Q2 (QoQ) and $5.32 billion of Q3 2022 (YoY). All boroughs saw decreased transaction volumes, though Brooklyn and The Bronx experienced a slight uptick in transaction count...
NEW YORK CITY / Q2 2023 / Market Report
New York City investment sales stabilized somewhat in the second quarter, making up ground after the dramatic decline of the first quarter. Transaction volume came in at $4.19 billion during the period, compared to only $3.02 billion in Q1. This healthy quarterly uptick was driven by a slight thaw in the markets, as the Federal Reserve’s monetary t...
NEW YORK CITY / Q1 2023 / Market Report
The recent trend of declining transaction volume continued in Q1 of 2023. In fact, investment sales in New York City declined by 31% from the previous quarter and are on track for their worst result since the Global Financial Crisis. As the rate increase cycle marches on, capital continues to get more expensive.
NEW YORK CITY / Q3 2022 / Market Report
After a bumper Q2 2022 where New York City recorded over $8.5 billion in investment sales transactions, Q3 2022 was always likely to be less dynamic, and so it proved. The Federal Reserve, facing inflation pressures not seen in several decades, was forced to continue its ultra-hawkish bent and so raised its reference rate by 150 basis points during...
NEW YORK CITY / Q2 2022 / Market Report
The second quarter has been one of dichotomies. On the one hand, NYC experienced a bumper period for investment sales volume, clocking at $8.5B for the quarter ending June 30. This was driven by a flurry of activity as investors raced to beat the looming expiration of the 421a tax abatement program and also the expectation of rising inflation.
