NEW YORK CITY—Now that the first quarter has come and gone—and 2014 is firmly in the past—what lies ahead for the remainder of 2015? That's a question Robert Knakal, chairman of New York investment sales at Cushman & Wakefield, answers in the latest video he recorded for his Knakal News Network.
“Last year was the best investment sales market I've seen in my 31 years of brokerage in New York City,” he says. “There was good supply and demand seemed to come out of the woodworks.”
In this year's first quarter, he continues, “We had $20.7 billion of activity in total dollar volume, marking a new all-time quarterly record.”
Going forward, he expects continued healthy results, but with some surprises. Click below to watch the video and find out more.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
