The Business Times
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Fed hike may not cool hot NY property market

Investment in hotels has set an annual record while sales volume for commercial real estate seems poised to surpass the boom year of 2007

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Published Thu, Sep 17, 2015 · 09:50 PM

    New York

    NOT even a rate hike from the Federal Reserve is expected to cool the hot New York commercial real estate market, where demand remains high, industry executives say.

    While there aren't rumblings of an asset bubble in Manhattan property, prices are high, and some valuation metrics are at or near record peaks with sales activity at a record pace.

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