The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD 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
Albert Laboz of United American Land with 430 West Broadway and 419 Broadway (Credit: Getty Images and rendering via YIMBY)

Laboz family plans 2 office developments
in Soho

From left: 1271 Sixth Avenue, 30 Hudson Yards, and 55 Water Street (Credit: Wikipedia)

Manhattan leasing activity up year-over-year while asking rents hit record high

Office rents in U.S. are going up — barely

From left: McCann Chairman & CEO Harris Diamond, Cohen Brothers Realty President & CEO Charles S. Cohen and 622 Third Avenue (Credit: Getty Images, Google Maps)

McCann inks 450K sf extension at Cohen Brothers’ 622 Third Ave

From left: One Manhattan West, Amazon CEO Jeff Bezos and One Court Square in Long Island City (Credit: Manhattan West, Getty Images, and Loopnet)

After LIC debacle, Amazon sizing up Brookfield buildings for new office: report

From left: 28 West 44th Street, 25 West 45th Street and 183 Madison Avenue with WeWork CEO Adam Neumann (Credit: Google Maps, APF Properties, and Getty Images)

WeWork signed four leases this week for its “headquarters” offering

Even with Midtown South’s slip, Manhattan posts record leasing volumes and asking rents in Q1: report

New batch of Manhattan office towers competing for elite tenants

arrow_forward_ios