The Real Deal New York

NYC’s biggest residential firms face off

Manhattan’s two fiercest rivals, Elliman and Corcoran, take top spots as Compass and others make big gains

May 03, 2016 11:00AM
By E.B. Solomont

Douglas Elliman Chair Howard Lorber, Corcoran Group CEO and Pam Liebman (Photo by Studio Scrivo)

Douglas Elliman Chair Howard Lorber, Corcoran Group CEO and Pam Liebman (Photo by STUDIO SCRIVO)

From the May issue: When the average Manhattan pad costs $2 million, it’s a good time to be in the brokerage business.

Soaring prices and relief from the inventory crunch of the last few years have translated into more business for the borough’s largest residential firms.
The Real Deal’s annual ranking of top companies — which is based on agent count and is tallied from a one-day snapshot of data from On-Line Residential on March 27 — shows that many of Manhattan’s largest residential firms grew in size in 2016. The ranking also saw the cumulative dollar value of sales listings climb, as both median and average sale prices ticked higher. [more]

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