The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD New York /
Jul.July 22, 2015 03:25 PM

The latest batch from around the industry found that New York City home foreclosures are up year-over-year and Manhattan office vacancy rates shrunk in July.

Residential

Midyear 2015 foreclosures: RealtyTrac

Foreclosure activity in New York City was up year-over-year despite an average nationwide decline of 4 percent. Foreclosure starts in NYC was up 24 percent compared to a year ago. Read the full report here.

Manhattan luxury contracts July 6-12: Olshan Realty

Twenty-two contracts were signed in the first full week of July for Manhattan apartments priced $4 million and above. Asking prices for the week totaled $156.4 million and the average asking price was $7.1 million. Read the full report here.

Commercial

May 2015 multifamily sales: Ariel Property Advisors

New York City multifamily sales totaled $1.1 billion in May and had year-over-year gains for the third consecutive month. Building volume rates fell 8 percent from the prior month to 106 properties, but dollar volume was up 40 percent from May and 62 percent year-over-year. Read the full report here.

Office

July 2015 Manhattan office leasing: ABS Partners

Vacancy rates were down in Manhattan’s office market during the second quarter while rents rose. Read the full report here.

Q2 2015 Manhattan office leasing: CBRE

Manhattan’s office leasing activity is up 5.5 percent year-over-year to 0.71 million square feet in the second quarter. Leasing activity totaled 15.08 million square feet year-to-date. Read the full report here.


Related Articles

arrow_forward_ios
Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

These were NYC’s top office leases in August

FiDi sees a spike in sales, renters “camping out” in outer boroughs and more of the biggest trends in resi right now

Clockwise from left to right: 50 Hudson Yards, Farley Post Office redevelopment, 1 Madison Avenue, and Apple CEO Tim Cook (Credit: Hudson Yards, Skanska, Google Maps, and Getty Images)

Apple on the hunt for enormous Manhattan office space

Clockwise from left: 55 Water Street, 195 Broadway, 220 East 42nd Street, 550 Washington Street (Credit: Wikipedia, L&L Holding, SL Green, Curbed)

These were NYC’s top office leases in July

Amazon CEO Jeff Bezos (Credit: Getty Images)

Here are Amazon’s current office and warehouse holdings in NYC — and where it could set up shop next

New heights for Everest as insurer inks North Jersey’s largest lease deal of 2019

arrow_forward_ios