The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD 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.


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.


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

Manhattan’s 10019 zip code, which covers Midtown, Times Square, Herald Square and Midtown South, saw the most foreclosures in the borough with eight. (Credit: iStock)

Manhattan foreclosures soar 118%, driven by mortgage defaults

An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown

Clockwise from top left: 733 Third Avenue, 24-01 44th Road in Long Island City, 83 Maiden Lane, and 1745 Broadway (Credit: Google Maps)

These were NYC’s top office leases in August

FiDi sees a spike in sales, renters “camping out” in outer boroughs and more of the biggest trends in resi right now

Clockwise from left to right: 50 Hudson Yards, Farley Post Office redevelopment, 1 Madison Avenue, and Apple CEO Tim Cook (Credit: Hudson Yards, Skanska, Google Maps, and Getty Images)

Apple on the hunt for enormous Manhattan office space

Clockwise from left: 55 Water Street, 195 Broadway, 220 East 42nd Street, 550 Washington Street (Credit: Wikipedia, L&L Holding, SL Green, Curbed)

These were NYC’s top office leases in July

Amazon CEO Jeff Bezos (Credit: Getty Images)

Here are Amazon’s current office and warehouse holdings in NYC — and where it could set up shop next

New heights for Everest as insurer inks North Jersey’s largest lease deal of 2019