Figures
New York Tri-State Real Estate Investment Volume Stabilizes in 2024
February 18, 2025 10 Minute Read
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‒Total New York Tri-State commercial real estate investment volume of $11.7 billion in Q4 2024 brought the 2024 total to $33.4 billion, down 2.6% from 2023.
‒Office led all sectors for investment volume in 2024 ($10.3 billion) followed by multifamily ($9.4 billion) and retail ($5.8 billion).
‒Manhattan led the region for investment volume in 2024 ($15.6 billion), up 21% year-over-year, followed by New Jersey ($7.5 billion), where investment fell by 15% year-over-year.
‒Private buyers accounted for over 60% of 2024 investment volume ($20.4 billion), up 12% from the volume seen in 2023.
‒Cross-border investment in the Tri-State region fell by 25% year-over-year to $3.7 billion in 2024.
‒New York was the leading U.S. market for total investment volume in 2024, capturing over $33 billion, followed by Los Angeles and Dallas.