Manhattan Investment Sales in 2021 Surpass 2020 Totals

An uptick in activity during the 4th quarter of 2021 in Manhattan’s investment sales market for trades over $10 million brought the overall dollar volume for 2021 to $14 billion, representing a 26% increase year-over-year. At the end of the 3rd quarter, activity was on pace to reach $9.6 billion, but the $6.8 billion traded during the last three months of 2021 gave the investment sales market the boost it needed. The 4th quarter also clocked in a total of 65 transactions over $10 million, making it the highest quarterly total since the 4th quarter of 2018.