Sales volume for New York City was materially down during the first nine months of 2024, recording a 50% decline over the same timeframe in 2023. Activity is expected to remain muted in the fourth quarter of 2024 as investors wait for additional rate cuts to materialize.
New York City's hotel transaction activity likely to remain muted in fourth quarter
Two trades make up almost 50% of sales volume to date
CoStar Analytics
October 3, 2024 | 3:13 P.M.
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IN THIS ARTICLE
- Properties
- Thompson Central Park New York
119 56th St, New York, NY
- 1 Hotel Central Park
1414 6th Ave, New York, NY