REBNY NYC Investment Sales Report – Second Half 2021

Investment sales activity citywide increased as investors displayed a renewed “appetite for commercial properties across New York City during 2021” according to the report released by the Real Estate Board of New York in early April. Overall citywide dollar volume during the second half of 2021 surged by 58.1% year-over-year, reaching roughly $38.5 billion. Transaction numbers similarly rose by 45.3% reaching 3,776 transactions during the same period, but despite the numbers being the most since 2017, total dollar volume fell well short of the $45.1 billion generated in 2019.