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.

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
4 Times Square (Google Maps, TikTok)

What happens if Trump banishes TikTok, savior of NYC’s office market?

What happens if Trump banishes TikTok, savior of NYC’s office market?
Major new leases of Q2 2020 included the SEC’s 241,000 sq ft lease at 100 Pearl Street (Downtown), Match Group's 41,000 sq ft lease at 60-74 Gansevoort (Midtown South) and TikTok’s 232,000 sq ft lease at 151 West 42nd Street (Midtown) (Google Maps, BKSK Architects)

Bad to worse: Manhattan office leasing sees slowest quarter since 2009

Bad to worse: Manhattan office leasing sees slowest quarter since 2009
Match Group CEO Shar Dubey with a rendering of 60-74 Gansevoort and (inset) 555 West 18th Street (BKSK Architects, Google Maps)

A Match made in Meatpacking: Tinder, Hinge parent company signs lease on Gansevoort Row

A Match made in Meatpacking: Tinder, Hinge parent company signs lease on Gansevoort Row
1633 Broadway and Paramount CEO Albert Behler (Google Maps, Getty)

TRD Insights: The rents at Paramount Group’s 1633 Broadway

TRD Insights: The rents at Paramount Group’s 1633 Broadway
Isaac Zion

SL Green’s co-CIO leaving firm

SL Green’s co-CIO leaving firm
Michael Shvo, 530 Broadway and 711 Fifth Avenue (Shvo)

TRD Insights: Here’s what tenants are paying at Michael Shvo’s latest office acquisitions

TRD Insights: Here’s what tenants are paying at Michael Shvo’s latest office acquisitions
From left: Port Authority Bus Terminal, Grand Central and Penn Station (Wikipedia, Pixabay, CDC)

TRD Insights: Focus may shift to Manhattan’s 3 transport hubs in post-Covid office market

TRD Insights: Focus may shift to Manhattan’s 3 transport hubs in post-Covid office market
WeWork CEO Sandeep Mathrani (iStock, Getty)

WeWork in talks to offer classroom space for NYC private schools

WeWork in talks to offer classroom space for NYC private schools
arrow_forward_ios

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

Loading...