Marcus & Millichap Brokers $10.3M Sale of Bronx Industrial Building
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
- The 259th New York story tracked on the wire in August 2026. All New York coverage →
- 155 stories mentioning Marcus & Millichap on the wire in the past 90 days. Marcus & Millichap coverage →
Computed from Real Estate Trail’s own tracked coverage
NEW YORK CITY — Marcus & Millichap has brokered the $10.3 million sale of a 9,200-square-foot industrial building in The Bronx. The building at 935 Garrison Ave. is located within a Qualified Opportunity Zone and was…
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