Real Estate

Manhattan Commercial Real Estate Deals Slump In Q3 2020

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Commercial real estate sales in Manhattan have taken a major hit because of the pandemic. There were just 21 commercial real estate transactions in the borough in the third quarter of 2020, according to Bisnow, citing Avison Young’s quarterly report. That’s the lowest number of deals recorded since the third quarter of 2009, in the aftermath of the Great Recession. And even between the second and third quarter, sales slid by 30 percent, according to The post Manhattan CRE deals hit lows not seen since 2009 appeared first on The Real Deal New York.

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