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The week in real estate market reports
A weekly feature bringing you the industry’s latest intel
In the world of real estate market reports, Manhattan investment sales volume hit $50.2 billon in 2015 and the average sales price for condominiums and co-ops dipped slightly in January.
Residential
February 2016 Manhattan residential sales: CityRealty
The average sales price for condo and co-ops fell to $2.1 million in the final month of 2015 as the number of sales rose to 1,020 units. Read the full report here.
February 2016 national rents: Zumper
Average rent for one-bedroom New York City apartments remains up 7.3 percent over last year, but dropped to $3,220 in January from the prior month. Read the full report here.
Manhattan luxury sales February 8-12: Olshan Realty
Manhattan luxury sales picked up during the first week of February, with 21 contracts signed for apartments priced $4 million and above. Read the full report here.
Commercial
2015 Manhattan property investment sales: Ariel Property Advisors
Manhattan investment property sales reached $50.2 billion in 2015, a 56 percent jump from the previous year. Sales in Midtown East accounted for more than half of the city’s total dollar volume. Read the full report here.
Market volatility and the effect on U.S. commercial real estate: Savills Studley
The U.S. commercial real estate market could for a boost from recent tax legislation and a strengthening dollar is bringing in more international investors. Read the full report here.