The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD New York /
Oct.October 14, 2015 04:00 PM

The latest batch of reports found that the Manhattan Class A vacancy rate is below 10 percent and Brooklyn’s median sales price has hit a record high of $623,000.

Residential

Price gap between Brooklyn, Queens and Manhattan: StreetEasy

Median rents in Downtown Brooklyn, Williamsburg and Cobble Hill are higher than Manhattan’s overall median rent. Although rent in Long Island City remained 11 percent less than Manhattan’s median rent, prices were comparable to Gowanus, Manhattan Valley and Clinton Hill. Read the full report here.

Q3 2105 Brooklyn residential sales: Douglas Elliman

Brooklyn’s average sales price jumped 18 percent year-over-year to $860,000 in September. Read the full story here.

Q3 2015 Brooklyn residential sales: Corcoran Group

Brooklyn’s median sales price hit a record high of $623,000 in Q3, a 28 percent increase year-over-year. Read the full report here.

Manhattan luxury contracts Sept. 28- Oct. 4: Olshan Realty

Luxury home sales in Manhattan remained slow during the first week of October. Only 13 contracts were signed for apartments priced $4 million and above, down from 10 in the previous week. Read the report online here.

Hidden Households: New York City Comptroller

New York City saw a 44.8 percent increase in overcrowding during from 2005 to 2013, with more than 1.4 million New Yorkers living in a crowded or severely crowd dwelling by 2013. Read the full report here.

Commercial 

September 2015 DOB filings: The Real Deal

Developers are planning less multifamily units in Brooklyn than they did last year. Permit applications were filed for 7,070 units in September, compared to 13,000 units filed during the same period last year. Read the full story here.

Office

Q3 2015 Manhattan office leasing: JLL

Manhattan Class A vacancy rates are below 10 percent for the first time since 2008, and overall asking rents are down $0.52 from the previous quarter. Read the full report here.

September 2015 Manhattan office values: Green Street Advisors

Midtown office values rose 4 percent year-over-year and is up 12 percent from their mid 2007 peak levels. Read the full story here.


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