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NYC Investment Sales See “Encouraging” Pickup in 2020’s Second Half

New York City investment sales experienced moderate increases in both sales volume and transactions during the second half of 2020 after declining sharply in the first half of 2020, according to the Real Estate Board of New York (REBNY)’s 2020 Biannual Investment Sales Report.
 
Citywide total investment sales volume increased to $11 billion in the second half of 2020, representing a 5% increase in sales volume. Sales transactions were up 11% to 1,356 transactions in the second half of 2020.
 
However, these numbers still represent large year-over-year declines as the public health and economic crises continue impacting the industry. 

“While the moderate increases in sales over the last half of 2020 are encouraging, New York still has a long road to recovery ahead and it will be critical for industry stakeholders and elected officials to work together to rebuild the city’s economy,” said REBNY president James Whelan.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Economy
  • ◦Sale/Acquisition
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