The latest batch of reports found that New York City’s office construction hit a record high and construction injuries and death are on the rise.
July 2015 Manhattan and Brooklyn residential sales: Streeteasy
Median resale prices in Manhattan reached a record high of $983,207 in July, a 6.3 percent increase compared to the same time last year. In Brooklyn, prices jumped 5.3 percent year-over-year to $524,171. Read the full report here.
Manhattan luxury contracts August 17-23: Olshan Realty
Twenty-one contracts were signed during the third week of August for Manhattan apartments priced $4 million and above, including a penthouse at 140 West 12th Street, which had an asking price of $20.7 million. Asking prices for the week totaled $187.6 million and the average asking price was $8.9 million. Read the full report here.
NYC office construction: New York Building Congress
Office construction in New York City reached a 25-year high in 2015. A total of 9.7 million square feet of new office space will be constructed across 19 buildings in Manhattan by next year. Read the full report here.
Sixth Avenue Retail Corridor: Savills Studley
Available sublet space along the Sixth Avenue corridor in Manhattan has significantly declined over the past four to six quarters. Read the full report here.
Construction accidents: Mayor’s Management Report
Construction related injuries in New York City were up 34 percent to 283 in June compared to a year ago. Work site fatalities rose from six to 11 during the same period. Read the full story here.