The Wall Street Journal / October 24th, 2017
The Wall Street Journal reports: New York is having such a slow year in commercial property sales that it has fallen behind Los Angeles and Dallas in deal volume, according to a new report by Real Capital Analytics Inc.
Investors purchased only $14.1 billion worth of commercial property in the first three quarters of this year in Manhattan, a decline of 56% from the same period last year. In Dallas the volume was $15.1 billion, an increase of 11%, while Los Angeles’ volume was $21.2 billion, up 6%, Real Capital said.
Read the full article in The Wall Street Journal: New York Falls Behind Dallas and Los Angeles in Commercial Property Sales