Motivated Sellers, Buyers Buoy NYC Market Activity

Commercial Property Executive | Britt Raymond

Multifamily and net lease investors keep the market humming, observes Britt Raymond of SRS Real Estate Partners

As real estate professionals, we are all aware that transaction volume is down because of the historic and rapid interest rate increases.

The good news is that we can learn a great deal during a downturn by understanding who is buying in this market, where capital is coming from, and why investors are acquiring in a time of rampant negative leverage. It is imperative to understand these trends so that we can adjust strategies accordingly and still succeed, regardless of macroeconomic influences on our sector.

New York is the center of the financial world. As a Manhattan-based net lease broker, it is interesting to see how the largest real estate market in the nation performs in a dynamic period. The sale of multifamily assets in the five boroughs has historically fueled the net lease sector through 1031 exchanges. However, what happens to the net lease space when transaction volume for multifamily in New York City is down by over 40 percent? We need to let the data tell the story.

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