What Manhattan neighborhood has been most resilient in the face of the market downturn?
July 01, 2009 01:40PM
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Comments
Anonymous
Murray Hill
Comment #1 Posted By: Anonymous 07/01/09
Anonymous
Harlem rents (although condos are a different story)
Comment #2 Posted By: Anonymous 07/01/09
Anonymous
None.
Comment #3 Posted By: Anonymous 07/01/09
Anonymous
East side including Murray Hill, Gramercy and Midtown East. The "hot" spots such as West Village, Tribeca, Hells Kitchen faired much worse.
Comment #4 Posted By: Anonymous 07/01/09
Anonymous
Columbus Circle
Comment #5 Posted By: Anonymous 07/01/09
Anonymous
Columbia University Area and Columbus Circle / Midtown West due to gentrification of the area, whoever wrote anything on the east side is obviously not in the market right now...
Comment #6 Posted By: Anonymous 07/01/09
Anonymous
For Retail, it's been Soho and upper 5th avenue. For Condo's, they're all not doing to well across the board. For Office space, they say that Midtown south has been resilient. Otherwise, this is the most vulnerable sector in NYC real estate today.
Comment #7 Posted By: Anonymous 07/01/09
Anonymous
UPPER EAST SIDE
Comment #8 Posted By: Anonymous 07/01/09
Anonymous
DEFINITELY UPPER EAST SIDE - MADONNA PROVED THAT HANDS DOWN!
Comment #9 Posted By: Anonymous 07/01/09
Anonymous
All neighborhoods are under pressure, but the true standouts will recover first - as they have during every downswing. The best buildings in the best neighborhoods will be the best buys going forward. Stick with the Far West Village, central Greenwich Village, Tribecca, parts of Chelsea, the Gold Coasts on both lower Fifth Ave and Upper Madison, Fifth Ave and Park Ave. Is the market soft and is it a buyers market? Sure. Will it bounce back? Without a doubt, but not next year.
Comment #10 Posted By: Anonymous 07/01/09