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January 24, 2018  

Office Sales Down 9%; Eastdil Wins Narrowly

Office sales fell in 2017 for a second consecutive year, dragged down by a sharp decline in the top market, New York.Some $93.4 billion of large office properties traded last year, down 9% from $103.1 billion in 2016, according to Real Estate Alert’s Deal Database, which tracks trades of $25 million and up. The back-to-back drops followed six years of increases that brought the market to the cycle’s 2015 peak of $112.1 billion.Eastdil...

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