The first quarter’s closing activity is a direct continuation of the robust fourth quarter of last year. All asset classes in Brooklyn are continuing to witness a strong demand from institutional capital and family offices. These forces will continue to play out through the rest of 2022.
Brooklyn Q1 2022
Market Report
As we predicted last year, Brooklyn's commercial real estate market has shown its resilience and a remarkable recovery from the global pandemic, returning to pre-pandemic levels - and then some.
Brooklyn 2021
Full Market Report
The multifamily category saw a significant rebound in 2021 with an approximate 39% increase in transaction volume over 2020.
Brooklyn 2021
Multifamily
Market Report
The number of mixed-use transactions increased by 79% over last year, which was the largest percent change in number of transactions for all asset classes.
Brooklyn 2021
Mixed-Use
Market Report
The Central Brooklyn Region saw the most office transaction activity, with more than a third of them occurring in the region, totaling over $290M in dollar volume.
Brooklyn 2021
Office
Market Report
The residential development sales market proved to be unwavering from 2020 to 2021 with a dollar volume increase of approximately 25%.
Brooklyn 2021
Residential Development
Market Report
Ongoing investor demand for last-mile logistics continued to fuel industrial asset sales activity in 2021.
Brooklyn 2021
Industrial/Office
Market Report
Retail assets were in strong demand in 2021 with 112 verified sales totaling over $409 million in dollar volume.
Brooklyn 2021
Retail
Market Report
While dollar and transaction volume went down, 2021 showed a larger average sale price for these assets with a much more concentrated focus on Greater Downtown Brooklyn.
Brooklyn 2021
Other/Special Assets
Market Report
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