This chapter explores the impact of interest rates, the sale of the FDIC signature portfolio, and the delay of affordable housing deals on transaction volume in the multifamily market. It discusses the wait-and-see approach of investors and the effects of mortgage maturities and increased refinancing costs. Additionally, it examines the buying trend in rent stabilized properties and the distress affecting the market.
You know the story: interest rates rose and deal flow slowed. After a year and half of sluggish trading, what's next for NYC's investment sales market? Avison Young's Head of Tri-State Investment Sales James Nelson lays out the market dynamics set to drive office and multifamily deals. Ariel Property Advisors' Founder Shimon Shkury gets granular on the distress affecting the rent-stabilized market.