New York Property Execs Say Commercial Real Estate Values Are Peaking Now
May 20, 2015The majority of New York real estate executives say commercial property values in the city are reaching the top of the roller coaster, according to a survey fielded by accounting firm Marks Paneth.
More than half (54%) of executives say commercial property values have ended their climb, and nearly a quarter (22%) say commercial property values will begin declining. That's according to the Spring 2015 Gotham Commercial Real Estate Monitor, a survey completed in March of more than 100 New York commercial property owners, brokers, agents, engineers, accountants and lawyers specializing in the commercial space.
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