The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Sep.September 28, 2016 04:00 PM

According to the latest batch of market reports, Manhattan is getting 20 million square feet of new office space over the next five years, the number of multifamily deals continued to fall and one Williamsburg retail corridor saw the biggest jump in asking rents.

Residential

National apartment sizes: RCLCO

Newly-built apartments are getting smaller across the U.S. The average size of an apartment across 20 of the country’s top metro areas shrunk 70 square feet (7 percent) since 2010. Read the full report here.

Commercial

Summer 2016 Brooklyn retail report: REBNY

Williamsburg’s North 6th Street corridor saw the biggest increase in retail rents. Average asking rents along the corridor reached $259 per square foot this summer, a 24 percent jump over the last 12 months. Read the full report here.

July 2016 NYC multifamily sales: Ariel Property Advisors

The number of multifamily deals in New York City continued to decline in July as prices strengthened. Sales of multifamily buildings totaled $1.1 billion for the month, a 6 percent decrease in dollar volume year-over-year. Read the full report here.

NYC office construction: New York Building Congress

Developers will add more than 20 million square feet of new office space in Manhattan between 2016 and 2021. Nearly 10 million square feet will be added in Brooklyn. Read the full report here.

NYC construction accidents: Office of Mayor Bill de Blasio

Construction accidents rose for the fourth consecutive year. Between June 2015 and June 2016 the city saw 526 construction-related accidents, a 62 percent jump over the same period last year. Read the full report here.


Related Articles

arrow_forward_ios
5 East 59th Street (Google Maps, 5e59.com)
Singapore bank sues to foreclose on ex-Playboy Club building
Singapore bank sues to foreclose on ex-Playboy Club building
Boston Properties’ Owen Thomas, Vornado Realty Trust’s Steve Roth, Paramount Group’s Albert Behler, SL Green’s Marc Holliday and Empire Real Estate Trust’s Tony Malkin  (iStock, slgreen.com, vno.com, paramount-group.com, esrtreit.com, LinkedIn)
Office landlords profess optimism despite dip in occupancy
Office landlords profess optimism despite dip in occupancy
George Comfort & Sons’ Peter Duncan (right), Philip Morris International CEO Jacek Olczak and 677 Washington Boulevard in Connecticut (George Comfort & Sons, Philip Morris, Google Maps)
George Comfort & Sons signs Philip Morris as Stamford tenant
George Comfort & Sons signs Philip Morris as Stamford tenant
Manhattan office market records busiest month since start of pandemic
Manhattan office market records busiest month since start of pandemic
Manhattan office market records busiest month since start of pandemic
With offices in flux, Empire State Realty Trust is pivoting to apartments
With offices in flux, Empire State Realty Trust is pivoting to apartments
With offices in flux, Empire State Realty Trust is pivoting to apartments
Though a majority of business leaders think hybrid work is here to stay, only 40% have taken steps to establish a plan for the arrangement’s future, (iStock)
Landlords beware: Office tenants procrastinating on hybrid planning
Landlords beware: Office tenants procrastinating on hybrid planning
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
Midtown South leads Manhattan’s office market recovery: report
Midtown South leads Manhattan’s office market recovery: report
Midtown South leads Manhattan’s office market recovery: report
arrow_forward_ios

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

Loading...