Is this a pause and pivot, or a pause and further descent for Commercial Real Estate? RM Friedland reports on the Westchester County Northern Manhattan Bronx Queens Fairfield County CRE markets for the first half of 2023
Key Takeaways
During the first half of 2023 pricing for retail assets in Westchester County sky rocketed, while in the Outer Boroughs, retail and mixed use asset types were a bright spot.
Despite volume reductions, Queens pricing remained flat or increased in four of the five asset types with industrial being the only lag in comparing year over year numbers.
Industrial and office volumes remained relatively flat, while Multifamily cap rates reached multi-year highs in most areas.
2023 Mid-Year Queens Sales Report
2023 Mid-Year Bronx Sales Report
2023 Mid-Year Westchester County Sales Report
2023 Mid-Year Fairfield County Sales Report
2023 Mid-Year Northern Manhattan Sales Report
2023 Mid-Year Brooklyn Sales Report
All content and information © RM Friedland
