At $22.1 billion, New York City investment sales volumes fell to the lowest levels since 2010.
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At $22.1 billion, New York City investment sales volumes fell to the lowest levels since 2010.
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The CMBS BBB bond market could incur losses up to 64% under a bearish scenario.
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Leasing volume was down 47% compared to January 2020 and well below the pre-pandemic average monthly volume in 2019.
Although capital began to return to the market in the fourth quarter, global investment was down 26% for the year.
New York City had 1,251 commercial real estate transactions last year, and apartment accounted for 391.
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