The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Sep.September 07, 2016 03:55 PM

According to the latest batch of market reports, office asking rents were up in August, developers are delivering more than 3 million square feet of new retail space across New York City in 2016, and residential sale prices continued to rise in the final full month of summer.

Residential

September 2016 NYC residential sales: CityRealty

The average price for a condo and co-op reached $2.2 million in August. The top three priciest sales for the month were in 432 Park Avenue. Read the full report here.

June 2016 U.S. home prices: Case-Schiller Index

U.S. home prices in June were up 5.1 percent year-over-year, but New York City saw one of the smallest price changes out of 20 major cities. Read the full report here.

Commercial

Q3 2016 NYC retail leasing and sales: Marcus & Millichap

Developers are bringing more than 3.1 million square feet of new retail space to New York City this year, including nearly 1 million square feet outside of Brooklyn and Manhattan. Average asking rents climbed to $57.25 per square feet, up 7 percent over the last four quarters. Read the full report here.

August 2016 Manhattan office leasing: Newmark Grubb Knight Frank

Manhattan leasing activity totaled over 3.2 million square feet in August. Downtown saw the biggest year-over-year rent increase while Midtown nabbed seven of the 10 largest leasing deals. Read the full report here.

NYC office market and job growth: Savills Studley

Job growth in office settings reached its slowest point this year since 2010 and there could be less of a demand for office space despite an influx of supply. Read the full report here. Read the full report here.


Related Articles

arrow_forward_ios
200 Park Avenue and Tishman Speyer's Rob Speyer(Tishman Speyer, Getty)
MetLife Building gets the luck of the Irish
MetLife Building gets the luck of the Irish
100 Print Shop Road in Enfield, CT and President of the Lego Group in the Americas Skip Kodak
Lego letting go of Connecticut office
Lego letting go of Connecticut office
Mark Zuckerberg, Jeff Bezos, Hudson Yards and San Francisco's Salesforce tower (Getty, Dead.rabbit/CC BY-SA 4.0/via Wikimedia Commons)
Tech office leasing plummeted in fourth quarter
Tech office leasing plummeted in fourth quarter
 Rudin Management’s Bill Rudin and 3 Times Square
Rudin gets tipsy at 3 Times Square
Rudin gets tipsy at 3 Times Square
Brookfield's Bruce Flatt, 2 Manhattan West; SL Green's Marc Holliday, One Madison Avenue (Manhattan West, Getty, Brookfield, SL Green)
The 10 biggest Manhattan office leases of 2022
The 10 biggest Manhattan office leases of 2022
HJ Kalikow's Peter Kalikow, CI US Holdings' Kurt MacAlpine and 101 Park Avenue (Getty, 101 Park Avenue, CI Financial)
Canadian wealth manager signs at HJ Kalikow’s 101 Park
Canadian wealth manager signs at HJ Kalikow’s 101 Park
KKR’s Henry Kravis, Related Companies’ Stephen Ross and Meta’s Mark Zuckerberg with 30 Hudson Yards (Getty, Rhododendrites CC BY-SA 4.0 via Wikimedia Commons)
Surviving the tech wreck: How the Manhattan office market could pivot
Surviving the tech wreck: How the Manhattan office market could pivot
From left: Newmark's Peter Shimkin and David Falk.300 East 42nd Street
Jamaican consulate inks 43K sf lease in Murray Hill
Jamaican consulate inks 43K sf lease in Murray Hill
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...