According to the latest batch of market reports, Manhattan’s residential market got a major boost in supply in the third quarter, Brooklyn townhouse sales now average $1 million for the first time and New York City saw fewer multifamily deals from July through September.
Q3 2016 Manhattan residential sales: BOND New York
Manhattan’s housing supply increased over the summer months and average condo prices surpassed the $3 million threshold. Read the full report here.
Q3 2016 new development sales: Halstead Property Development Marketing
Buyers in Manhattan and Brooklyn increasingly bought more new development units priced between $1 million and $3 million. Read the full report here.
Q3 2016 Brooklyn residential sales: Halstead
Brooklyn residential sales prices continue to shatter records. The average price for townhouses in the third quarter exceeded $1 million for the first time, and condo and co-op prices reached a record price of $815,176. Read the full report here.
Q3 2016 Manhattan office leasing: Savills Studley
Office leasing activity fell to 7.6 million square feet in the third quarter and Midtown asking rents remained stagnant at $88.85 per square foot. Read the full report here.
August 2016 NYC multifamily sales: Ariel Property Advisors
Multifamily spending fell off in August and New York City saw only $575 million in sales. Read the full report here. Read the full report here.