The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Jul.July 15, 2015 02:45 PM

The latest batch from around the industry found that Brooklyn’s residential market hit record high prices, while Manhattan’s office market improved after a shaky start to the year.

Residential

Q2 2015 NYC residential sales: REBNY

New York City home sales are up and average sales prices increased in the second quarter of 2015 compared to last year. The average sales price for a New York City home was $923,000, a 12 percent jump from the same period last year. Read the full report here.

June 2015 NYC residential rentals: Douglas Elliman

Median rental prices in Brooklyn reached a record high of $2,964 in June and are up 5.9 percent year-over-year. Median rents in Manhattan were up for the 16th consecutive month and hit $3,369, a 2.1 percent increase from June of last year. Read the full report here.

Q2 2015 Brooklyn residential sales: Douglas Elliman

Brooklyn’s average sales price hit a record high of $788,529 in Q2. Read the full report here.

Q2 2015 Queens residential sales: Douglas Elliman

The median and average sales price for Queens condos set records in Q2. Median sales prices reached $468,000 for condos while average sales prices hit $575,339. Read the full report here.

Manhattan luxury contracts June 29-July 5: Olshan Realty

The first week of July for Manhattan apartments saw 23 deals priced at $4 million and above, and the week’s priciest apartment to enter into contract had a hefty asking price of $15 million. Read the full report here.

Office

June 2015 Manhattan office leasing: DTZ

Manhattan’s office market posted positive absorption for the fourth straight month in May with 253,303 square feet absorbed and nearly 1 million square feet since January. Read the full report here.

Q2 2015 Manhattan office leasing: DTZ
The Manhattan office market made improvements in the second quarter of 2015, rebounding from a rocky start to the year. During the second quarter, 708,539 square feet of office space was absorbed. Read the full report here.


Related Articles

arrow_forward_ios
200 Park Avenue and Tishman Speyer's Rob Speyer(Tishman Speyer, Getty)
MetLife Building gets the luck of the Irish
MetLife Building gets the luck of the Irish
100 Print Shop Road in Enfield, CT and President of the Lego Group in the Americas Skip Kodak
Lego letting go of Connecticut office
Lego letting go of Connecticut office
Mark Zuckerberg, Jeff Bezos, Hudson Yards and San Francisco's Salesforce tower (Getty, Dead.rabbit/CC BY-SA 4.0/via Wikimedia Commons)
Tech office leasing plummeted in fourth quarter
Tech office leasing plummeted in fourth quarter
 Rudin Management’s Bill Rudin and 3 Times Square
Rudin gets tipsy at 3 Times Square
Rudin gets tipsy at 3 Times Square
Brookfield's Bruce Flatt, 2 Manhattan West; SL Green's Marc Holliday, One Madison Avenue (Manhattan West, Getty, Brookfield, SL Green)
The 10 biggest Manhattan office leases of 2022
The 10 biggest Manhattan office leases of 2022
HJ Kalikow's Peter Kalikow, CI US Holdings' Kurt MacAlpine and 101 Park Avenue (Getty, 101 Park Avenue, CI Financial)
Canadian wealth manager signs at HJ Kalikow’s 101 Park
Canadian wealth manager signs at HJ Kalikow’s 101 Park
KKR’s Henry Kravis, Related Companies’ Stephen Ross and Meta’s Mark Zuckerberg with 30 Hudson Yards (Getty, Rhododendrites CC BY-SA 4.0 via Wikimedia Commons)
Surviving the tech wreck: How the Manhattan office market could pivot
Surviving the tech wreck: How the Manhattan office market could pivot
From left: Newmark's Peter Shimkin and David Falk.300 East 42nd Street
Jamaican consulate inks 43K sf lease in Murray Hill
Jamaican consulate inks 43K sf lease in Murray Hill
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...