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Manhattan Property Sales Post Strongest Quarter Since 2021
Manhattan property sales saw their strongest quarter since 2021 in the first quarter of 2026, according to Avison Young’s Q1 Manhattan property sales report. With 92 transactions and $3.7 billion in deal volume, a 33% increase quarter over quarter for the highest quarterly total since Q4 2021, Manhattan remains the driving submarket in New York City’s property sales market, Avison Young reported.
Multifamily saw a 246% uptick in deal volume compared to Q4 2025, with $1.07 billion trading across 44 transactions in Q1. Meanwhile, office pricing rose 92% from the previous quarter to average $1,032 per square foot.
Brandon Polakoff, principal and head of NYC Investment Sales for Avison Young, said, “Manhattan had a strong start to the year, and a big part of that is investors gaining confidence and leaning into quality. There’s a deep pool of capital targeting best-in-class assets in prime locations, and when those deals come up, they’re getting done. That’s been a major driver of the momentum we’re seeing.”
Pictured: Park Avenue Tower, acquired by SL Green in Q1 2026.
- ◦Sale/Acquisition
