The Real Deal New York

Class A office tower sales accelerate

As deals rise for Manhattan office buildings, a look at who is digging in and who might sell next

April 02, 2015 04:05PM
By Adam Pincus

550 Madison Avenue

550 Madison Avenue

From the April issue:  Large Manhattan Class A office building sales are on fire. In a rebound following several slow years, 12 towers worth nearly $9 billion combined sold or went into contract in the first quarter of 2015 alone, far outpacing the rate for the past four years. In comparison, from 2010 to 2014, between 14 and 16 office skyscrapers worth a combined $4.7 billion to $10.6 billion sold each year, an analysis of data from Real Capital Analytics showed. [more]

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