The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD New York /
Dec.December 16, 2015 03:30 PM

The latest batch of reports found that Manhattan leasing activity slowed in November and Brooklyn rents are down once again.

Residential

November 2015 NYC residential rentals: Douglas Elliman

Manhattan median rents rose 3.9 percent in November, and is up for 21st consecutive month. Meanwhile, Brooklyn prices fell 0.4 percent, and has been declining since August. Read the full report here

December 2015 national rents: Zumper

New York City remained the second most expensive city to rent a one-bedroom apartment. The average monthly price fell 1.2 percent in November to $3,240. Read the full report here.

November 2015 Manhattan residential rentals: Citi Habitats

Rents for a new development one-bedroom apartment in Manhattan averaged $4,531 during November. Read the full report here.

Manhattan luxury contracts Nov. 30- Dec. 6: Olshan Realty

Twenty-four contracts were signed during the first week of December for Manhattan apartments priced $4 million and above, and new development sales accounted for the majority of them. Read the full report here.

Commercial

November 2015 Manhattan office leasing: CBRE

Manhattan leasing activity slowed in November, and was lower than the monthly five-year average. Read the full story here.

Commercial price forecast 2016: Green Street Advisors

Commercial real estate prices could be lower within the next 12 months following a strong surge since 2009. Read the full story here.

Foreign brands taking over retail corridors: Cushman & Wakefield

Foreign brands made up 39 percent of retail stores in Soho, and along Fifth and Madison avenues. Soho tops the list as the most diverse shopping area nationwide, representing retailers from 24 countries. Read the full report here.

December 2015 Manhattan retail leasing: JLL

Asking rents in Midtown’s trophy buildings surpassed $100 per square foot for the first time since 2008. Read the full report here.

 

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