The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD NEW YORK /
Sep.September 30, 2015 03:03 PM

The latest batch of reports found that venture capital funding is raising New York City rents and Brooklyn was the most competitive market in August.

Residential

August 2015 Manhattan residential rentals: Citi Habitats

Average rents across Manhattan remained largely unchanged in August. One-bedroom apartments averaged $3,079, a 2 percent increase from July. Studio prices were down 2 percent. Read the full report here.

August 2015 residential rentals: StreetEasy 

Asking rents in Brooklyn are up 4 percent from last year to $2,650 and the borough was the most competitive market during August. Read the full report here.

Trends in severely cost-burdened renters: Harvard University and Enterprise Community Partners

Nearly 30 percent of all households will be severely by the year 2025, paying more than half their income on rent. One in four renters, or 11.2 million households, were rent burdened in 2013. Read the full report here.

Most expensive cities in the world: UBS

New York City ranks as the most expensive city in the world. Although the costs of goods were more expensive in Zurich and Geneva, when factored in with rent, they were less expensive than NYC. Read the full report here.

VC funding raises NYC rents: Zumper

Venture capitalist funding raised New York City rents an average of 10 percent, or $292 for a one-bedroom apartment and $418 for a two-bedroom apartment. Read the full report here.

Manhattan luxury contracts Sept. 14-20: Olshan Realty

Two contracts signed during the third week of September were priced at $35 million. A total of 20 contracts were signed for Manhattan apartments priced $4 million and above, compared to 17 during the prior week. Asking prices for the week totaled  $199.1 million and averaged $10 million. Read the full report here.


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