NEW YORK CITY—Overall broker confidence in the city took a hit in the second quarter based on a number of economic and political worries.
However, a deep dive into the survey data shows that commercial brokers in New York City are much more upbeat on market conditions than residential brokers.
The Real Estate Board of New York released its Broker Confidence Index today, which dropped 0.25 from the first quarter to 5.53 out of 10. REBNY officials say that brokers overall remain positive about the real estate market here.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.