NYC Commercial Sales Reach Four-Year High

The second from last quarter of 2012 saw the biggest number of NYC business exchanges in the previous 4 years, representing 914 recorded deals. The quantity of exchanges is up by 9% Q-o-Q and up by 25% contrasted and a similar quarter of a year ago.

The aggregate business deals volume, adding up to $6.06 billion, expanded by 4% contrasted with the past quarter and is around 36% Y-o-Y.

The workplace showcase, which compensates for 60% of all New York City business land exchanges, represented $3.66 billion, up 22% Q-o-Q and down 40% Y-o-Y.

Manhattan keeps on being the main district in regards to deals volume, representing $4.52 billion (75%) in Q3 2012. The second place is possessed by Rulers, with $723 million in deals volume.

Taking a gander at the area level, Midtown comes in the lead position with $1.96 billion in deals volume. The figure is more than twofold that of the past quarter, yet 18% down Y-o-Y.

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