I spend an embarrassing amount of time searching through deeds as a real estate reporter and felt like I was barely seeing any during the first few months of 2024. Turns out that feeling was right: this was the slowest first quarter for NYC investment sales (apart from the Covid-frozen beginning of 2021) since at least 2015. My latest feature for Crain's New York Business explores why that is and when things might pick up. Thanks to Ariel Property Advisors for providing the data. https://lnkd.in/eHGf5jvz