Transaction volume in the New York City office market during second quarter 2016 already exceeds the first quarter 2016 total, according to Real Capital Analytics.
It was a slow first quarter 2016 for the New York City office market, its sales volume of $5 billion was significantly lower than the $6.7 billion in deals closed during first quarter 2015. However, thus far this quarter, 23 office buildings in New York City have been exchanged for a total value of more than $8 billion, which exceeds not only first quarter 2016 sales volume but also second quarter 2015 sales volume ($6.2 billion).
Recent office transactions include the property at
