2021 NYC Investment Sales Report

Investors displayed renewed appetite for commercial properties across New York City during 2021. The rally paralleled the surge in residential sales, but the increase was more restrained. Residential sales volume (total consideration) pushed to a new record of more than $54 billion – exceeding the prior high water mark of $49.9 billion in 2017. Commercial property sales still fell well short of the watershed mark of $57.6 billion sold in 2016. More than 100 sales over $100 million were completed in 2016. In comparison, 62 sales exceeding $100 million occurred in 2021. Nevertheless, this represented a positive gain from the 46 sales over $100 million in 2020.