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Manhattan CRE investment sales hit $9.87B in H1 2026
The borough’s total rose 50% year over year, and office deals led asset classes with dollar volume up 31% to $3.53 billion.
Manhattan remained the leading force in New York City’s commercial real estate investment sales during the first half of 2026, with total dollar volume climbing 50% year over year to $9.87 billion across 238 transactions, according to ConnectCRE’s coverage of Ariel Property Advisors’ Manhattan 2026 Mid-Year Commercial Real Estate Trends report.
The report said the first half marked Manhattan’s strongest performance since 2022. ConnectCRE also highlighted that Manhattan office properties led all asset classes in H1 2026, driven by a 31% surge in dollar volume to $3.53 billion.
ConnectCRE attributed the office strength to activity in office properties, noting that prime Class A assets are seeing tighter vacancy alongside potential long-term upside. The article also pointed to a major deal during the period.
As a key example, ConnectCRE cited SL Green Realty Corp.’s $730 million purchase of Park Avenue Tower at 65 E. 55th St. from Blackstone’s Perform Properties, which closed in January. The 621,000-square-foot office asset had 96.5% occupancy at closing.