The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Dec.December 09, 2015 03:00 PM

The latest batch of reports found that Brooklyn will deliver the most new apartments next year, JDS Development and Property Markets Group’s 111 West 57th Street is the priciest new development, and the average sales price in Manhattan stayed under $2 million.

Residential

December 2015 residential sales: CityRealty

The average price for a Manhattan apartment was $1.9 million in October, the same from the prior month. Read the full report here.

Manhattan’s priciest new developments: CityRealty

Manhattan has more than 200 condominium buildings in the pipeline, with a total projected sellout of $45.8 billion. JDS Development and Property Markets Group’s 80-story tower at 111 West 57th Street will have an estimated $1.5 billion in sales, making it the priciest new development. Read the full report here.

DOB residential permits: The Real Deal

Lincoln Square is leading Manhattan in new residential permits. More than 640 permits were filed in the neighborhood since November 2014. Read the full story here.

Brooklyn residential construction: AXIOMetrics

Brooklyn will add 6,073 new apartments next year, and deliver more new units than anywhere in the country. Read the full report here.

Manhattan luxury contracts Nov. 16-22: Olshan Realty

Manhattan luxury sales slowed during the final week of November, but 112 contracts were signed for the month, compared to 95 signed during the same period last year. Read the full report here.

Commercial

Commercial Property Price Index: Green Street Advisors

Commercial property values across the U.S. rose 2 percent in November, and are up 10 percent over last year. Read the full report here.

Chinese insurance outbound capital: DTZ/Cushman & Wakefield

Chinese insurance companies are expected to invest $73 billion in overseas properties by 2019. Read the full report here.


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