The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Jul.July 29, 2015 03:01 PM

The latest batch from around the industry found that Bed-Stuy is leading the pack in new development sales, Hamptons home prices are falling and Manhattan’s office vacancy rate hasn’t been this low since 2009.

Residential

Q2 2015 Brooklyn new developments: MNS

Bedford-Stuyvesant and Williamsburg accounted for nearly half of all new development units sold in Brooklyn, and Crown Heights’ median price per square foot was higher than all other neighborhoods. Read the full report here.

Q2 2015 Manhattan new developments: MNS

The median sales price for new development condos reached $1.9 million, a 36.8 percent jump from the first three months of the year. Read the full report here.

Q2 2015 Hamptons residential sales: Douglas Elliman

Hamptons home sales are falling in the midst of a busy tourist season. Home sales averaged $1.6 million the second quarter, a 10.4 percent decline from the previous quarter. Read the full report here.

Manhattan luxury contracts July 13-19: Olshan Realty

A total of 35 contracts were signed in the second week of July for Manhattan apartments priced $4 million and above. Asking prices for the week totaled $250 million and averaged $7.1 million. Read the full report here.

Commercial

Q2 2015 NYC multifamily sales: Ariel Property Advisors

Multifamily sales in New York City hovered above $3 billion for the second straight quarter, bringing the year-to-date dollar volume to $6.6 billion. Read the full report here.

Office Leasing

Q2 2015 Manhattan office leasing: Savills Studley

Manhattan office leasing activity didn’t shatter any records in the second quarter, but deal volume rose to 7.7 million square feet– the first increase since the end of 2013. Read the full report here.

Q2 2015 Manhattan office leasing: Cushman & Wakefield

Office vacancy rates in Manhattan fell below 9 percent for the first time since 2009 and leasing activity totaled 15.3 million square feet year-to-date. Read the full report here.


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