The Real Deal New York

More partying ahead for the NYC market — or a hangover?

After last year’s banner year, real estate pros weigh in on the outlook for 2015
By Brendan O'Connor | January 07, 2015 05:15PM

From the January issue:  There was plenty of Dom to go around on New Year’s Eve, with both the commercial and residential sides of the New York City market having racked up a year of strong pricing and blockbuster deals. So when does the hangover strike? Probably post-2015, according to our panel of market experts, though the word “concern” is coming up often. To take interest rates as an example: yes, some of our panelists expect rates to rise, but a jump from the current extremely low levels seems to be baked into market expectations. [more]