Analysis

“Transaction-based prices may not fully reflect conditions.”

Multifamily led in both volume and year-over-year gains, with volume reaching $30 billion.

Office leasing activity grew 18% year-over-year to 54 million square feet during the first quarter.

Leading self-storage chains all posted year-over-year foot traffic growth during the first quarter.

Year-over-year capital markets volumes and revenues jump.

This trend could inject residents into many parts of Manhattan and bring new life to areas too reliant on commercial uses.

The slowdown could continue if tariffs remain in place.

The joint venture will target properties with low rents, high vacancies and operational inefficiencies.