The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

Mar.March 16, 2016 04:20 PM

Residential rents are slowing in Manhattan and apartments are staying longer on the market, according to the latest Douglas Elliman residential rental report. Manhattan office leasing activity steadied last month and developers are spending more on new Brooklyn office projects. Check out more from February’s rental recap and office market snapshots in our roundup of the week’s real estate market reports.


February 2016 Manhattan, Brooklyn and Queens residential rentals: Douglas Elliman

While rental prices are slowing in Manhattan, Brooklyn and Queens are seeing a bigger uptick in year-over-year rent growth and more inventory hitting the market. Read the full report here.

Manhattan luxury contracts: Feb. 29-Mar.6: Olshan Realty

Sales for Manhattan luxury hopes slipped in the first week of March compared to the prior week and during the same period last year. Buyers signed 20 contracts for apartments and townhouses priced $4 million and above. Read the full report here.


February 2016 Manhattan office leasing: Newmark Grubb Knight Frank

Nearly 3 million square feet was leased in February, and six of the 10 largest office deals in Manhattan involved TAMI tenants. Read the full report here.

February 2016 Manhattan office leasing: Cushman & Wakefield

Manhattan office leasing activity and asking rents rose in February. Since the start of the year, 4.4 million square feet of office space was leased, up 3.2 percent from the prior year. Overall asking rents in the borough reached $72.80 per square foot. Read the full story here.

Brooklyn new development pipeline: GFI Realty Services

Developers pumped more than $1 billion into Brooklyn’s office market in 2015 and 42 new office developments are coming in the next two years. Read the full report here.


New York City construction outlook: New York Building Congress

New construction costs rose to $40.9 billion in 2015, nearly twice the national rate but below the height of the housing boom of 2006 and 2007. Read the full report here.

Fifty years of historic preservation in New York City: NYU Furman Center

More than a quarter of Manhattan properties are designated as historic districts, whereas only 1 percent of properties in the Bronx, Queens or Staten Island are protected under landmarks law. Read the full report here.

To view more market reports, check out the new TRData page.

Related Articles

Meridian Capital CEO Ralph Herzka and One Battery Park Plaza (Credit: Sean Zanni/Patrick McMullan via Getty Images; Google Maps)

Meridian Capital employee tests positive for coronavirus

From left: L&L Holding Company's 425 Park Avenue with CEO David Levinson, Citadel Securities founder Ken Griffin, and Vornado Realty Trust’s 350 Park Avenue with CEO Steve Roth (Credit: (Photo by Michael Kovac/Getty Images; L&L Holding Company; Vornado)

Citadel Securities expands nearby lease while waiting on 425 Park

135 West 50th Street and Industrious co-founders Justin Stewart and Jamie Hodari

Industrious reaches deal for 60K square feet in Midtown

JPMorgan's Jamie Dimon and 125 West 55th Street (Credit: Getty Images, Google Maps)

JPMorgan looks to sell Plaza District office building for $550M

260 Madison Avenue and Sapir Organization’s Alexi Sapir (Credit: Getty Images)

Sapir Org inks big renewal with law firm at 260 Madison

437 Madison Avenue, 50 Hudson Yards, and 1 New York Plaza (Credit: 437 Madison, Hudson Yards, Wikipedia)

Manhattan office leasing just had its most active year since 2001

Mary Ann Tighe

Mary Ann Tighe on Manhattan’s office boom of the 2010s

From left: 50 Hudson Yards, 341 Ninth Avenue, 30 Hudson Yards (background) with Google's Sundar Pichai, Amazon's Jeff Bezos and Facebook's Mark Zuckerberg (Credit: Google Maps and Getty Images)

Big tech puts Manhattan office leasing within reach of annual record