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The week in real estate market reports
A weekly feature brining you the industry’s latest
The latest batch of reports found that home sales are surging in Northern Manhattan and East Brooklyn, and more than 5,000 new residential units are in the pipeline for Lower Manhattan.
Residential
Northern Manhattan and East Brooklyn sales growth: StreetEasy
Cheaper home prices in Northern Manhattan and East Brooklyn is driving up the areas’ respective sales growth. Read the full report here.
Cheapest and most expensive NYC neighborhoods: Zumper
The Flatiron District is the most expensive neighborhood to rent an apartment this fall. The median rent for one-bedroom units in the area hit $4,400, while Inwood had the most affordable rents at $1,625. Read the full report here.
Top 10 biggest cities with home discounts: Zillow
New York City saw median home discounts of 4 percent, and placed eighth on the list of the top cities with the biggest home discounts. Read the full story here.
Manhattan luxury contracts Nov. 16-22: Olshan Realty
Luxury home sales in Manhattan are continuing to pick up pace. Thirty-two contracts were signed during the third week of November for apartments priced $4 million and above. Read the full report here.
Commercial
Lower Manhattan’s economic revival: Alliance for Downtown New York
Lower Manhattan is expected to add 5,227 new housing units and 31 residential buildings between 2015 and 2019. Read the full report here.
Fall 2015 retail leasing: REBNY
Ground-floor asking rents are down in seven out of 17 Manhattan retail corridors. Read the full story here.