REBNY’s 2nd-Half 2020 Investment Sales Report Reveals 41% Year-Over-Year Decline

Total citywide dollar volume generated and sale transaction numbers during the second half of 2020 declined 41 percent and 21 percent respectively year-over-year according to the report released by the Real Estate Board of New York in mid-February. However, both figures observed moderate 6-month increases after reaching an all-time low in the first half of 2020. Office building sales accounted for about 26 percent of the total roughly $10.971 billion total consideration, followed at a distance by industrial assets, which accounted for about 13 percent; while retail, elevator and non-elevator residential buildings accounted for about 11 percent each.