Manhattan Investment Properties See an Uptick in Sale Values

According to the White Paper by real estate firm Avison Young, Manhattan investment properties saw an uptick in sales values in the 2nd quarter of 2021 compared to the trailing 4th quarter average. Leading the way is the office market—pricing rose 10%, followed closely behind by development sites which increased 9%. Investment sales values in Manhattan’s retail sector rose 6%; while the multi-family market saw a more moderate 4% increase.