Manhattan investment sales grew by 37 percent in 2024 from the year before — amounting to $15.6 billion in total — mostly due to development, which saw a 121 percent change to $3.2 million.
That is a stark reversal from the 2023 rankings when investment sales fell 45 percent year over year to just $11.1 billion.
As in the 2023 list, most of the investment landed in Midtown East. The submarket’s 39.5 percent share of the total amounted to $6.2 billion.
At the other end of the spectrum, Downtown West / Midtown West garnered just 0.3 percent of the total with $52.5 million in sales.
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