The latest batch of reports found that Manhattan office rents reached a seven-year peak and residential inventory in Queens jumped in August.
August 2015 Manhattan rental: MNS
Average rents in Manhattan were up 0.3 percent from July to $3,975 in August. Listing inventory fell 2.9 percent to 8,411 units. Read the full report here.
August 2015 Brooklyn rental: MNS
Bushwick saw a 16 percent drop in average rents during August as the number of units in the neighborhood quadrupled in the past year. Read the full report here.
August 2015: Queens rental: MNS
Inventory across Queens jumped 16 percent in August from July, and rents averaged $2,148.77 for the month. Read the full report here.
Manhattan luxury contracts Aug. 31- Sept. 6: Olshan Realty
September was off to a slow start, with only 16 contract signed for Manhattan apartments priced $4 million and above, compared to 22 contacts signed in the prior week. The week’s priciest home was a townhouse at 24 West 11th Street, which had an asking price of $20 million. Read the full report here.
September 2015 Manhattan office overview: CBRE
Midtown office values are at an all-time high and up 11 percent from a 2007 peak levels. Although there was no change from August, values rose 12 percent year-over-year. Read the full story here.
August 2015 Manhattan leasing: Newmark Grubb Knight Frank
Asking rents reached a seven-year peak of $69.35 per square foot in August, and 2.4 million square feet of space was leased during the month. Read the full report here.