The Real Deal New York

The week in market reports

A new weekly feature bringing you the industry's latest intel

February 11, 2015 12:00PM
By Kyna Doles

From left: Ariel Properties 2014 Bronx report, Chushman & Wakefield 2014 Manhattan sales report and MNS Manhattan December 2014 report

From left: Ariel Properties 2014 Bronx report, Cushman & Wakefield 2014 Manhattan sales report and MNS Manhattan December 2014 report

Residential Sales

Residential Sales Manhattan luxury contracts Jan. 26 – Feb. 1, 2015: Olshan Realty
Buyers in Manhattan signed twenty contracts for homes priced over $4 million, rounding out January with a total of 98 signed contracts, according to a weekly luxury residential report from Oshlan. View the full report here.

Residential Rentals January Monthly Rent Report: Zumper
Rental prices in New York City fell behind San Francisco in January, according to a monthly rental report from Zumper. The median price for a one-bedroom apartment in NYC was $3,000 in January, compared to the $3,410 median median price in San Francisco. View the full report here.

2014 Manhattan rental market: MNS
Manhattan’s rental market fluctuated in 2014, with prices lowering in January and peaking during the summer, according to a year-end report from MNS.  View the full report here.

2014 Brooklyn rental market: MNS
Brooklyn’s rental market continued to grow last year, with average rents surpassing those in 2013, according to a year-end report from MNS.  View the full report here.

Investment Sales

2014 NYC Investment Sales: Cushman & Wakefield
It was the best year for Manhattan investment sales in Manhattan, with 5,197 properties sold in 2014, surpassing the previous all-time high of 5,018 in 2007, according to a year-end report from Cushman & Wakefield.  View the full report here.

2014 Bronx investment sales: Ariel Property Advisors
The Bronx saw record sales in 2014, as the dollar volume surpassed $2.39 billion— a 39 percent increase from the previous year, according to a year-end report from Ariel Property Advisors. View the full report here.

4Q Manhattan investment sales: Cushman & Wakefield
The Manhattan property sales market continued to flourish in 2014, as the year marked one of the most successful in New York City’s history. In 2014, 974 properties sold in Manhattan, a 21 percent increase from 2013, according to a year-end report from Cushman & Wakefield. View the full report here.

4Q Brooklyn investment sales: Cushman & Wakefield
Brooklyn sales volume in 2014 was the highest on record, with 2,010 properties sold last year, an increase of 33 percent from the prior year. The borough’s sales volume exceeded a previous high of 1,916 properties sold in 2006, according to a year-end report from Cushman & Wakefield.  View the full report here.

Office Leasing

4Q 2014 Manhattan Office Market: CBRE Midtown
Manhattan office leasing picked up in the final quarter of 2014, totaling 4.15 million square feet, according to a report from CBRE. View the full report here.

4Q 2014 Manhattan office market: Newmark Grubb Knight Frank
Office leasing in Manhattan ended strong in the fourth quarter of 2014, reaching 41.7 million square feet and surpassing a ten year average by twenty-four percent, according to a report from Newmark Grubb Knight Frank. View the full report here.

January 2015 Manhattan Office Price Index: Green Street Advisors
Midtown office values held steady in January and have overall surpassed peak levels in 2007, according to a January report from Green Street Advisors. View the full report here.

Foreclosures

1Q 2015 Vacant home foreclosures: RealtyTrac
Vacant home foreclosures in New York is up 54 percent from a year ago, accounting for 19 percent of all foreclosures in the state, according to a first quarter report from RealtyTrac. View the full report here.

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