NY Real Estate Titans Look To Boroughs

04/02/2014 1:44 am

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Crain's is reporting that the slim returns from Manhattan's real estate market have big names seeking opportunities in New York's outer boroughs. As commercial real estate prices continue to improve to pre-recession levels and investor compete for the few available trophy Manhattan properties, several big real estate buyers are increasingly looking to the boroughs for deals.

Though there is huge potential upside at the fast transitioning edge of New York City, in turn the risks are also greater. During the last recession prices plummeted in Manhattan, however areas on the periphery  were hit harder and stayed down longer.

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