Our Latest Research
Multifamily Quarter in Review: New York City | Q2 2017
Following a weak 1Q17 that was hampered by uncertainty surrounding the election, the New York City multifamily market bounced back in 2Q17. Though weakness from the 1Q17 spilled into April, sales activity picked up markedly in May and June, culminating with the year’s first $100 million sale. Quarter-to-quarter, all volume metrics increased in every sub-market and the City saw the most transactions since 3Q16. While sales volume remains significantly lower on a year-over-year basis, this level of activity suggests the market may be turning a corner after a period of caution.