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2/16/2023: Episode 68 - 2022 Brooklyn Year-End Commercial Real Estate Trends featuring Sean R. Kelly and Stephen Vorvolakos
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Shimon Shkury, President and Founder of Ariel Property Advisors, Partner Sean Kelly and Director Stephen Vorvolakos discuss the outstanding performance of Brooklyn’s commercial real estate market in 2022. They highlight findings in the recently released Ariel Property Advisors 2022 Brooklyn Year-End Commercial Real Estate Trends report, which showed that Brooklyn saw a 28% year-over-year increase investment sales to just over $10 billion, the first time ever the borough has cracked the $10 billion mark in dollar volume and surpassing the previous record of $9.19 billion from 2015. Transactions in the borough also increased 20% from the previous year to 1,226, which is nearly half of all the transactions in New York City in 2022.
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