The chapter discusses the difficulties faced by investors in renovating properties due to rising interest rates and the lack of trades for office property comps. It also introduces the chat about New York's investment sales 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.
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