{"id":197252,"date":"2026-04-14T19:53:40","date_gmt":"2026-04-14T19:53:40","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/197252\/"},"modified":"2026-04-14T19:53:40","modified_gmt":"2026-04-14T19:53:40","slug":"manhattan-sees-strongest-quarter-of-property-sales-since-2021-report-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/197252\/","title":{"rendered":"Manhattan Sees Strongest Quarter of Property Sales Since 2021: Report \u2013 Commercial Observer"},"content":{"rendered":"

A burning desire for high-quality assets has helped Manhattan reach its strongest quarter of property sales deals since 2021, Commercial Observer has learned.\u00a0<\/p>\n

During the first quarter of 2026, Manhattan asset deals \u2014 including deals in the multifamily, office, retail, development and conversions sectors \u2014 grew by 33 percent quarter-over-quarter, totaling $3.7 billion across 92 transactions, according to a new report from Avison Young<\/a>. Going off that success, Manhattan\u2019s total predicted dollar sales volume for 2026 is $14.8 billion, a 23 percent year-over-year growth when compared to 2025\u2019s total. (Avison Young projects full-year totals based on first-quarter activity.)<\/p>\n

SEE ALSO: The UPREIT Structure Has Been Spawning REITs Since the 1990s<\/a><\/p>\n

\u201cManhattan really, really jumped off the charts,\u201d Brandon Polakoff, principal and head of New York investment sales at Avison Young, told CO. \u201cThis echoes what we are seeing in the market, where there is this flight to quality assets in A-plus-plus locations.\u201d\u00a0<\/p>\n

Multifamily property sales in Manhattan hit a total of $1.07 billion in the first quarter of 2026, a whopping 246 percent quarter-over-quarter rise across 44 deals. Multifamily sales are set to reach $4.3 billion by year\u2019s end, a 145 percent increase compared to 2025.<\/p>\n

\u201cOne of the big trends isn\u2019t just the uptick, but also the percentage of sales,\u201d James Nelson, principal and head of U.S. investment sales at Avison Young, said of the multifamily data. \u201cMultifamily was 44 percent of the [total] dollar volume [in Q1] and that is significant because it\u2019s typically only a quarter of the sales volume.\u201d<\/p>\n

Multifamily investments in New York City are also booming following Mayor Zohran Mamdani taking office, as the election had caused uncertainty in the housing market<\/a>.<\/p>\n

\u201cInvestor appetite for top-tier multifamily in New York City remains very strong, particularly given the ongoing supply limitations and strong rent fundamentals,\u201d Polakoff said. \u201cWith the mayoral election now behind us, that added clarity has prompted more owners to move on assets and take advantage of current pricing.\u201d\u00a0<\/p>\n

Looking at New York City as a whole, Avison Young found that total dollar sales volume for the first quarter hit $5.68 billion, a 23 percent quarter-over-quarter rise, across 182 total sales in all five boroughs. In all of New York City, the estimated total dollar volume for sales in 2026 is $22.71 billion, according to Avison Young, which is slightly below the historic 10-year average of $23.4 billion.\u00a0<\/p>\n

A lot of that activity is set to be led by the office market, which captured the most capital in the first quarter with $1.7 billion in total dollar volume across 18 sales in the city, according to the report.\u00a0<\/p>\n

\u201cThere\u2019s a tremendous amount of momentum,\u201d Nelson said. \u201cIs there a lot of certainty in the market? Certainly not if we\u2019re talking about geopolitical issues. But surprisingly, most of our investors are not talking about what\u2019s happening overseas. They\u2019re talking about what\u2019s happening with the city\u2019s quality of life.\u201d<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A burning desire for high-quality assets has helped Manhattan reach its strongest quarter of property sales deals since…\n","protected":false},"author":2,"featured_media":197253,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[10681,2664,8345,75,84,83,1286,9,24,63,34512,28793],"class_list":{"0":"post-197252","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-brandon-polakoff","9":"tag-investments-sales","10":"tag-james-nelson","11":"tag-manhattan","12":"tag-manhattan-headlines","13":"tag-manhattan-news","14":"tag-more","15":"tag-new-york","16":"tag-new-york-city","17":"tag-nyc","18":"tag-research-analysis","19":"tag-zohran-mamdani-channel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/197252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=197252"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/197252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/197253"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=197252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=197252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=197252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}