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NYC office investors bet big on future, despite high vacancies

The commercial building sales market is facing a perfect storm of challenges: from inflation and the new work-from-home normal, to interest rate hikes and a dearth of financing.

Financing issues recently tanked an $855 million deal for the HSBC building at 452 Fifth Ave., across from Bryant Park, which was being marketed by Eastdil Secured.

NY Post

Photo by Scott Graham on Unsplash

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