Massey: Commercial Numbers for Brooklyn

Massey Knakal Realty Services has released its report on commercial sales for the first half of 2012. The Brooklyn news: Brooklyn is on pace to double 2011’s dollar volume. More specifically, 384 commercial transactions occurred in the first half of this year, a 27 percent increase over the first half of 2011 and 14 percent over the second half of 2011, with 222 transactions in second quarter of 2012 alone. Altogether, 482 commercial properties sold, an increase of 30 percent from the first half of 2011, with 275 properties sold during the second quarter of this year. The aggregate sales consideration in the first half of 2012 was $1.5 billion, an increase of 106 percent from the same period last year, the report concluded. Bullish news all around!
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