July 2021 – Investors Remain Cautious in NY Commercial Real Estate Market
The level of investment in the NY Commercial Real Estate Markets remains stalled, particularly for office and multi-family assets. The industrial and retail markets are making their way back to 2020 levels of monthly sales volume, but investors remain cautious about office and multi-family assets.
The COVID-19 Pandemic and its re-emerging Delta Variant continues to push investors to the sideline. The uncertainty on the geo-political front has also exacerbated the appetite of investors.
Market participant eagerly await the true recovery, but more time is needed to steady the ship.
Review for yourself the trends impacting the NY market by reading our series of July 2021 Publications.
July 2021 Monthly Publications