Property Metrics

Top 10 NYC Commercial Property Sales

PropertyShark compiled the top 10 sales in commercial real estate for Third Quarter 2016 in New York City.

Based on independent reports of properties and portfolios $2.5 million and greater, 12 months ending Aug. 31, 2016

CMBS delinquencies by property type; $ in billions

U.S. industrial market conditions from Q2 2014 to Q2 2017*

The metro has become one of the nation’s fastest-growing technology and innovation hubs.

Demand for apartments in the metro is fueled by the healthy influx of young professionals, especially in the technology and healthcare industries.

Multifamily development in the metro is robust, with more than 10,300 units currently in the pipeline.

Multifamily fundamentals are strong in the City of Champions, with more than 11,500 multifamily units in different stages of development.

As rental rates surpass the $2,600 mark and new inventory is focused on the luxury segment, residents are being priced out of Silicon Valley.