In the first half of 2010 (1H10), the activity in New York City's multifamily market mirrored the overall investment sales market in many respects. This week we will take an in-depth look at the activity we are seeing in the multifamily market.
In the investment sales market, during 1H10, there were approximately $6.5 billion in transaction activity. This figure already surpasses the $6.2 billion of sales experienced in all of 2009. The activity in 1H10 represents a 131 percent increase in the dollar volume of sales on an annualized basis.
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