The Real Deal New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

January 27, 2016 04:20PM
By Kyna Doles

Cushman & Wakefield and TerraCRG

(credit: Cushman & Wakefield and TerraCRG)

The median asking rent for retail properties in Downtown Brooklyn hit the $300 per square foot mark, and on the back of surging new construction in Brooklyn, New York City’s assessed market value crossed an eye-popping $1 trillion.

Brooklyn retail report: Cushman & Wakefield

Brooklyn’s retail vacancy is trending downwards while the average asking rent in 2015 soared to $44.57 per square foot, a 6.2 percent increase over last year. The median asking rent in Williamsburg is $250 per square foot, and $300 per square foot in DoBro. Read the full report here.

2015 Manhattan office leasing: Colliers International

Manhattan leasing activity totaled 31.4 million square feet in 2015, 8.4 percent above the 10-year average, but lower from the prior year as leasing slowed in Midtown South and Downtown. Read the full report here.

2015 Brooklyn office leasing: Colliers International

The average asking rate climbed to $38.79 per square foot in 2015, while availability lowered over last year. Read the full report here.

Brooklyn year-end market report: TerraCRG

Commercial sales hit a record $9.5 billion, sales of mixed-use buildings totaled $1.6 billion and the multifamily market grossed $3.3 billion in 2015. Read the full report here.

2017 Tentative assessment roll: New York City Department of Finance

The total market value of New York City properties crossed the $1 trillion threshold. Whoa! New construction, mostly in Brooklyn, accounted for 89 percent of the increase. Read the full report here.

2015 NYC multifamily sales: Ariel Property Advisors

New York City’s multifamily market had a second consecutive year of record breaking sales. Dollar volume from multifamily sales reached $19 billion in 2015. Read the full report here.

To view more market reports, check out the new TRData page.