The week in real estate market reports

A weekly feature bringing you the industry’s latest intel

TRD New York /
Nov.November 23, 2016 04:35 PM
Market Reports

Click to enlarge (credit: REBNY and Ariel Property Advisors)

According to the latest batch of market reports, retail rents in Manhattan are down below $400 per square foot on average, the U.S. saw a major increase in new home construction starts in October and multifamily sales finished off strong in the end of the third quarter.

Residential

October 2016 Manhattan leasing: Town Residential TRData LogoTINY

The average price for a Manhattan apartment reached $4,430 in October, based on 15,384 units rented last month. Read the full report here.

New residential construction in October 2016: U.S. Commerce Department

New construction on single-family homes across the U.S. jumped 25.5 percent from September to October. With 1.3 million units added last month, it was the largest increase on record since July 1982. Read the full report here.

Commercial

Fall 2016 Manhattan retail report: REBNY

Retail rents along Manhattan’s 17 most popular corridors have fallen significantly year-over-year. Average asking rents are down from $510 per square foot in Fall 2015 to $390 this season. Read the full report here.

September 2016 NYC multifamily sales: Ariel Property Advisors

Multifamily sales bounced back in September after a slowdown in sales during the first two months of the third quarter. September sales reached $1.2 billion, a 102 percent jump month-over-month. Read the full report here.


Related Article

arrow_forward_ios
Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

Mark your calendars: These are NYC’s top real estate events next week

Alex Rodriguez, slugger-turned-investor, nears multifamily fundraise goal

Steve Schwarzman questions WeWork’s valuation, the state is coming for LLCs: Daily digest

Real estate stocks dip slightly amid Fed Rate cut, housing starts data

When Bill de Blasio announced the end of his campaign, the industry reacted largely with relief but not surprise (Credit: Getty Images and Pixabay)

De Blasio’s campaign is dead, and real estate is happy

arrow_forward_ios