July 24, 2019

Industrial sector props up Brooklyn’s lackluster sales


Real Estate Weekly

“The decline in volume is clearly focused solely on the rent-stabilized Multifamily segment,” said Ofer Cohen, Founder & CEO of TerraCRG, whose annual half year Brooklyn market report found a 32 percent decrease in dollar volume this year compared to last.

Cohen added, “Other asset classes in Brooklyn continue to show strength — volume of Industrial/Office asset trades showed a 30% increase and Residential Development sites remained steady.”

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