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The week in real estate market reports
A weekly feature bringing you the industry’s latest intel
Manhattan office leasing activity tumbled in January and median townhouse prices reached a 10-year high.
Residential
A look at the decade in Manhattan townhouse sales: Douglas Elliman
The median price for Manhattan townhouses reached a 10-year high of $5.3 million in 2015. Read the full report here.
Manhattan luxury contracts sales January 25-31: Olshan Realty
Luxury home sales slowed in the first month of 2016. Only 74 contracts were signed for Manhattan homes priced $4 million and above in January, compared to 98 contract signed in 2015 and 2014. Read the full report here.
Commercial
February 2016 Manhattan office leasing: CBRE
Manhattan office leasing activity slowed in January, with only 1.3 million square feet leased compared to the five-year monthly average of 2.2 million square feet. Read the full report here.
Commercial real estate lending activity: Trepp
The Mortgage Bankers Association predicts the volume of CRE mortgages will reach $511 billion this year if interests rates remain relatively low. Read the full report here.
2015 Manhattan office condominium sales: Rudder Property Group
Twenty-eight office condominiums sold in the second half of the 2015, totaling $108 million and accounting for 148,696 square feet across Manhattan. Read the full report here.
December 2015 construction spending: U.S Census Bureau
National construction spending reached $1.1 billion in December 2015, up 0.1 percent from the prior month. Read the full report here.
Bronx development: The Office of Bronx Borough President Ruben Diaz Jr.
A subway depot built above Mott Haven could unlock 2 million square feet of development rights. Read the full report here.