Thursday, 22 October 2020

NY falls behind Dallas, LA in CRE investment as deals surge nationwide

After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick — but shifting dynamics cost New York City its top spot. Most years, investment increases about 9 percent from the second quarter to the third. This year it soared 37 percent, Bloomberg reported, citing data from Real Capital Analytics. The normally robust Manhattan real estate market has been hit particularly hard by the pandemic and dropped



source https://therealdeal.com/2020/10/22/ny-falls-behind-dallas-la-in-cre-investment-as-deals-surge-nationwide/

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