The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
Oct.October 12, 2016 04:54 PM

According to the latest batch of market reports, residential closings plummeted in the Financial District and Battery Park City in the third quarter, fewer Manhattan homes sold above listing price, and two of the top five office leases of the quarter account for more than 800,000 square feet.

Residential

Q3 2016 Manhattan residential sales: Compass TRData LogoTINY

The number of residential closings in the third quarter was down 25 percent year-over-year in the third quarter. Closings in the Financial District and Battery Park City, neighborhoods which took the biggest hit, were down almost 45 percent. Read the full report here.

Q3 2016 Manhattan residential sales: Douglas Elliman

Manhattan’s residential market saw fewer homes sold above the listing price in third quarter and more discounts were issued. Read the full report here.

August 2016 New York single-family home sales prices: CoreLogic

Sale prices for single-family homes in the New York metro area rose 5.1 percent year-over-year in August, according to the Home Price Index. Nationwide, home prices were up 6.2 percent during this period. Read the full story here.

Q3 2016 Manhattan residential sales: Brown Harris Stevens

Average condo prices surpassed the $3 million threshold for the first time and and co-op prices ticked up $1.27 million. Read the full report here.

Commercial

Q3 2016 Manhattan office leasing: ABS Partners

Manhattan’s average office rental rate fell for the fourth consecutive quarter, with overall asking prices down to $59.10 in the third quarter. Read the full report here.

Q3 2016 Manhattan office leasing: Avison Young

Leasing activity in Midtown and Downtown surpass last year’s year-to-date volume and two of the top five office leases inked in the third quarter –New York Presbyterian and Visiting Nurse Service of New York — total more than 800,000 square feet. Read the full report here.


Related Articles

arrow_forward_ios
From left: Joseph Chetrit, Barry Sternlicht, David Rubenstein, Michael Dell, and Marc Holliday, along with 305 East 86th Street and 1540 Broadway (Getty, Carlyle, Google Maps)
New York City’s biggest borrowers of 2022
New York City’s biggest borrowers of 2022
The Frame building at 541 West 21st Street
Nearly completed West Chelsea office project heads to foreclosure
Nearly completed West Chelsea office project heads to foreclosure
From left: Michael Dell with 25 Water Street, Alex Sapir with 261 Madison Avenue and Marc Holiday with One Madison Avenue (Getty, Edge Funds, Sapir Organization, SL Green)
Office properties (yes, office!) got Manhattan’s biggest December loans
Office properties (yes, office!) got Manhattan’s biggest December loans
From left: Vanbarton Group’s Gary Tischler and Richard Coles along with 3 West 29th Street (Getty, Vanbarton Group, Google Maps)
Vanbarton eyes life sciences project at former HFZ site in NoMad
Vanbarton eyes life sciences project at former HFZ site in NoMad
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
KKR's Henry Kravis and Meta's Mark Zuckerberg with 30 Hudson Yards (Getty, Rhododendrites, CC BY-SA 4.0 via Wikimedia Commons)
KKR takes over Meta’s large 30 Hudson Yards office
KKR takes over Meta’s large 30 Hudson Yards office
Compass' Robert Reffkin and 90 Fifth Ave in New York City (Google Maps, Compass, Getty)
Compass puts HQ up for sublease – but still says agent-facing offices will remain open
Compass puts HQ up for sublease – but still says agent-facing offices will remain open
arrow_forward_ios

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

Loading...