Property News · July 23, 2018

Manhattan’s commercial-property sales are stirring from a two-year slump


New York’s commercial real estate market is crawling out of a slump.
In the first half of 2018, US$22.5 billion of properties such as office towers and apartment complexes changed hands, up 34 per cent from a year earlier, data from brokerage Cushman & Wakefield show. The pace is running far behind the US$38 billion of deals completed during the first six months of 2015.
Buyers and sellers are slowly coming to terms following a two-year stand-off. After a record surge in property…

Source : South China Morning Post
Read more…Manhattan’s commercial-property sales are stirring from a two-year slump

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