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3/9/2023: Episode 70 - 2022 Queens Year-End Commercial Real Estate Trends featuring Michael Tortorici and Alexander Taic
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In this episode of Coffee & Cap Rates, Shimon Shkury, President and Founder of Ariel Property Advisors, discusses trends in the Queens investment sales market with Founding Partner Michael Tortorici and Director Alexander Taic. Ariel Property Advisors' Queens 2022 Year-End Commercial Real Estate Trends report showed that Queens had a record-breaking year in 2022, with the most transactions on record in addition to surpassing the $4 billion mark in dollar volume for the first time since 2018 and the fourth time overall (2015, 2016 & 2018 previously). Of note, industrial property sales in Queens totaled $850.3 million, which was roughly one third of the industrial sales citywide last year.
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