The latest batch of market reports found that Williamsburg’s Bedford Avenue has the highest retail rents in Brooklyn and residential rents remained stable in Brooklyn during September.
Q3 2015 Brooklyn retail: REBNY
Asking Rents Along Bedford Avenue in Williamsburg between Grand and North 12th streets reached $347 per square foot, and was Brooklyn’s most expensive retail corridor. Read the full story here.
Airbnb’s impact on NYC rents: The Real Deal
Rents in Midtown, Chelsea and Hell’s Kitchen would drop by around $39 to $67 a month if Airbnb rentals in those neighborhoods were instead on the rental market. Williamsburg and Greenpoint would also see similar price drops. Read the full story here.
Global investments in real estate: CBRE
New York City brought in $40.1 billion in real estate investments during the first half of the year, 10 percent of the global total. Read the full story here.
August 2015 NYC multifamily sales: Ariel Property Advisors
Multifamily sales in New York City totaled $845 million in August, up 22 percent year-over-year. Read the full story here.
Columbus Avenue retail vacancy: Columbus Avenue Business Improvement District
A 15-block stretch along Columbus Avenue is no longer 100 percent occupied. The area’s business improvement district now reports there ware 14 vacancies among the 185 retail spaces. Read the full story here.
September 2015 Manhattan residential rentals: Citi Habitats
Manhattan rents remained stable in September for studio, two-bedroom and three-bedroom apartments. Rents for one-bedroom units were fell 1 percent from the previous month. Read the full report here.
Manhattan luxury contracts Oct. 5- 11: Olshan Realty
Luxury apartment sales in Manhattan picked up after a sluggish September, with 21 contracts signed for apartments priced $4 million and above. Read the full story here.