Foreign Investors and High Net Worth Individuals Are Active Buyers in the New York City Investment Sales Market

Foreign investors and high net worth individuals are actively participating in the New York City investment sales market. The percentage of deal volume involving foreign capital has tripled. These buyers, often cash buyers, are attracted to the market due to valuation declines. Private high net worth investors are also taking advantage of the market while institutional investors remain on the sidelines. Additionally, end users are stepping up and purchasing vacant retail and office spaces, providing some positive activity in those sectors.