Capital Markets | Q1 2022 U.S. Market Snapshot - THE TENANT ADVISOR
Capital Markets | Q1 2022 U.S. Market Snapshot - THE TENANT ADVISOR
Abstract
After a year-end rebound, office investment sales are roaring back. First-quarter volume hit $35.1 billion, second only to 2015 and an EOP-fueled 2007. Blackstone made numerous headlines in the quarter, first with its closing of a partial interest in One Manhattan West, valuing the asset at $2.9 billion. At the same time, Blackstone gave 1740 Broadway. This marks one of the largest single-asset sales ever in New York City. But office CMBS delinquency rates fell throughout the first quarter. Many major employers expect. The resulting boost in occupancy rates will go a long way toward stabilizing the office market and increasing overall market liquidity. Click here to download the full report