A Few Data Points to Think About

60% of all deals last quarter were ALL CASH (Bloomberg article here)

Major Financial Challenges for Commercial Landlords (NY Times article here)

Lots of deals happening in the $4-10mm range in Manhattan. Maybe fewer North of $10mm? I’m not seeing that, but okay (link to Forbes article here)

Real Estate Sales Drop 38% in Q1? (Yahoo Link here)

If you were just looking at this, it’s a mixed bag. How to make sense of this?

Take A Look At Our Quarterly Report

Look at our quarterly report here. 2023 isn’t bad. It’s actually just normalized compared to 2022 and 2021, which were very overheated. In fact, it was a better quarter than 2018, 2019, and 2020’s first quarters.

So what is the smart money doing? It appears that cash buyers are getting good deals, in droves and at the high end.

What are you going to do? -Scott