Manhattan Office Market: Investment Sale Trends – Mid-Year 2017
We are pleased to share with you our Mid-Year 2017 Publication entitled Manhattan Office Market – Investment Sale Trends. In this issue, we focus on the annual office market trends for the five-year period beginning July 2012 and ending June 2017 for Manhattan as well as its submarkets: Downtown, Midtown, Midtown South, and Uptown. We cover trends for Class A and B office buildings in total investment sale volume, price per square foot, and cap rates. The major takeaways are as follows:
While the price per square foot increased year-over-year, the steep decline in sale volume coupled with a rising average cap rate is a clear indication that the Manhattan Office Market might be an inflection point. Please click on the link below for a complimentary copy of our Mid-Year 2017 Manhattan Office Market Investment Sale Trends Analysis.
For More Information:
We value the opportunity to share our professional insights with you. If you are curious to know more about a specific property market or want to know how this data can affect your business, please feel free to contact me. To become familiar with the wide range of services we provide, click on the link below for our brochure. For consistent and reliable reporting, count on the real estate valuation professionals at Marshall & Stevens.
Patrick T. Craig, MAI, MRICS