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The week in real estate market reports
A weekly feature bringing you the industry’s latest intel
According to the latest batch of market reports, renters making a national median income paid less for a home in the third quarter, Midtown saw a rise in leasing activity in October and food halls are flocking to the outer boroughs.
Residential
Q3 2016 Housing affordability: Zillow
Renters making the median annual household likely spent less on rent in the third quarter of the year compared to the previous four months. Read the full report here.
November 2016 Manhattan residential sales: CityRealty
The number of apartments sales in Manhattan fell under 1,000 in September as the average price for condo and co-op apartments surpassed the $2 million threshold. Read the full report here.
Commercial
Q4 2016 Manhattan retail leasing: ABS Partners Real Estate
Food halls are expanding their footprint in the outer boroughs, Westfield is expected to generate $120 million in annual rent from the World Trade Center Mall and retail vacancy is on the rise in the Meatpacking District. Read the full report here.
November 2016 Midtown, Midtown South and Downtown office leasing: CBRE
Leasing activity picked up in Midtown, held steady in Midtown South and slowed Downtown in October. Read the full reports here, here and here.
November 2016 New York City office leasing: JLL
Four tenants inked deals to take more than 100,000 square feet in Midtown last month while leasing activity remained light in Midtown South and Downtown. Read the full report here.