Office buildings continues to lead property sales | The Real Deal New York

The Real Deal New York

Office buildings continues to lead property sales

January 21, 2015 06:32AM

Q4 2014 NGKFOffice buildings continues to lead property sales, representing nearly half of the dollar volume of all Manhattan investment sales in 2014, according to a new report from Newmark Grubb Knight Frank.

Offices buildings represented 43 percent of all sales in 2014, totaling $18.7 billion from 159 property sales.

Meanwhile, development site sales volume is up nearly 100 percent over the past two years. The rolling average of sales for Manhattan development sites in the  fourth quarter of 2014 reached $2.5 billion, slightly lower than previous quarters due to higher pricing and lack of inventory.

Click here to read the full report.


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