Manhattan property sales saw their strongest quarter since 2021 in the first quarter of 2026, according to Avison Young’s Q1 Manhattan property sales report. With 92 transactions and $3.7 billion in transaction volume, a 33% increase quarter over quarter for the highest quarterly total since Q4 2021, Manhattan remains the driving submarket in New York City’s property sales market, Avison Young reported.
Multifamily saw a 246% uptick in deal volume compared to Q4 2025, with $1.07 billion trading across 44 transactions in Q1. Meanwhile, office pricing rose 92% from the previous quarter to average $1,032 per square foot.
Brandon Polakoff, principal and head of NYC Investment Sales for Avison Young, said, “Manhattan had a strong start to the year, and a big part of that is investors gaining confidence and leaning into quality. There’s a deep pool of capital targeting best-in-class assets in prime locations, and when those deals come up, they’re getting done. That’s been a major driver of the momentum we’re seeing.”
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