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.
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 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.