The Real Deal New York

The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

February 03, 2016 05:44PM
By Kyna Doles

(credit: Real Capital Analytics and StreetEasy)

(credit: Real Capital Analytics and StreetEasy)

Commercial real estate sales hit $511 billion in 2015 and unlike Manhattan, Brooklyn is seeing rising sales prices even as inventory grows.

Residential

Q4 2015 Manhattan new development: MNS

Sponsor sales were up for most Manhattan neighborhoods during the fourth quarter. Gramercy Park saw the largest median price per square foot increase, while prices in the Upper East Side took a major downturn compared to the prior quarter. Read the full report here.

Q4 2015 Brooklyn new development: MNS

Williamsburg and Crown Heights recorded the most new development sales in the final months of 2015. Despite overall sluggish sales for Brooklyn, the borough’s median sales price and median price per square foot were up over the previous quarter. Read the full report here.

 

Q4 2015 Residential sales and rentals: StreetEasy

Manhattan and Brooklyn reached record-high sales prices in the final quarter of 2015. A reduction in inventory boosted sale prices in Manhattan, while Brooklyn maintained a growth in inventory and rising prices. Read the full report here.

Commercial

Year-end commercial report: Commercial Real Estate Direct

Commercial real estate sales hit $511 billion in 2015, an 18 percent increase from 2014 and the sixth consecutive year of double digit growth. Read the full report here.

January 2016 office trends: Newmark Grubb Knight Frank

Office availability in Midtown Manhattan is 7 percent higher than it was in 2007, as more tenants are flocking to Downtown and the Far West Side. More than 25 million square feet of new space is in the pipeline for the next five years, and landlords will be looking for new ways to attract the rapidly growing TAMI tenants. Read the full report here.

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

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