National

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.

One saw a 9.8% year-over-year increase. The other lost volume, although it improved as the quarter went on.

Investors were drawn to the strong fundamentals, including attractive yields.

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.