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New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

CBRE and Zumper
(credit: CBRE and Zumper)

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The latest batch of reports found that overall broker confidence took a hit in the third quarter and that Manhattan office leasing activity is above the five-year monthly average.

Residential

Q3 2015 Broker confidence index: REBNY

Overall broker confidence was down a half point in the third quarter to 8.3 percent. Residential brokers cited concerns over a lack of inventory while commercial brokers feared national and international economy. Read the full report here.

Luxury rental properties: FirstService Residential

Residential rents in Manhattan are 16 percent higher than in Williamsburg and 20 percent higher than in Downtown Brooklyn. The top 10 luxury residential buildings across the city can be found in Chelsea, Downtown or on the Upper West Side. Read the full report here.

Scorecard: The Real Deal

Manhattan has more exclusive apartments listed above $15,000 a month than under $2,000. Read the full story here.

November 2015 national rents: Zumper

Rents in New York City reached $3,280 for a one-bedroom apartment during October. The city was second behind San Francisco, where rents for a one-bedroom apartment averaged $3,670. Read the full report here.

Manhattan luxury contracts Oct. 26-  Nov. 1: Olshan Realty

Twenty-eight contracts were signed during the final week of October for Manhattan apartments priced $4 million and above. The priciest listing was a townhouse at 32 East 74th Street, with an asking price of $15.9 million. Read the full report here.

Office

Q3 2015 NYC off leasing: Lee & Associates

Midtown vacancy rates remained static at 7.8 percent in the third quarter and availability rates remained at 11 percent. Asking rents for Class A office space were up to $79.37 per square feet. Read the full report here.

Q3 2015 Manhattan office leasing: CBRE

Midtown South had the tightest leasing activity during the third quarter. Average asking rents were up to nearly $71 per-square-foot and the area had an availability rate of 7.9 percent. Read the full story here.

November 2015 Manhattan office leasing overview: CBRE

Manhattan leasing activity last month totaled 1.5 million square feet, a 12 percent increase above the five-year monthly average. October’s average asking rent was up $0.61 over the previous month and 5 percent year-over-year.  Read the full report online here.

Tags
Manhattan Office MarketResidential Market Report