New York

Owner-occupier deals—once a minor share of the office market—have surged since 2022. By 2024, these deals made up nearly 30% of office acquisitions.

Over 12M SF of facilities changed hands, up 22% YoY, with the average price per SF rising 31% to $117.

A record $350B in dry powder is waiting on the sidelines, with pressure to deploy mounting.

Construction costs in New York hit $534/SF—highest globally—as labor shortages and trade pressures tighten U.S. supply chains.

The US apartment market absorbed over 227K units in Q2, surpassing even the pandemic-era highs of 2021 and early 2022.

BlackRock’s latest acquisition brings $7.3B in net lease real estate under its belt as it strengthens its private credit platform.