In the second half of 2015, New York City’s investment property sales rose 31 percent to reach $34.3 billion, while activity grew 23 percent in 2,901 transactions total, as compared to the second half of 2014.
- Every borough but Staten Island had a year-over-year increase in consideration, with Manhattan leading the pack.
- While Staten Island sales declined by 11 percent in the second half of 2015 compared to the year prior, the borough saw the highest escalation in transactions at 56 percent.
- The other four boroughs had less than half the percentage increase in transactions that Staten Island saw, but still featured growth.
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Inman Connect New York | January 29 - February 1, 2019