The week in real estate market reports

A weekly feature bringing you the industry’s latest intel
By Chava Gourarie | February 22, 2017 03:00PM

(Credit: CommercialCafe)

According to the most recent market reports, Manhattan co-ops were popular in January, new development deals in the mid-market price range increased in 2016, and rental prices in Manhattan, Brooklyn, and Queens stayed basically flat in January.

Residential

Manhattan, Brooklyn and Queen rental report | MNS
Rental prices January stayed basically flat, increasing by less than one percent in Brooklyn and Manhattan, and decreasing by less than one percent in Queens. Read the full reports for Manhattan, Brooklyn, and Queens.

Manhattan condos and co-ops | Citi Habitats
The average price of a co-op in Manhattan grew 15 percent in January relative to the previous year, while the average price for a condo slipped 19 percent. Read the full report here.

New development year-end report | HPDM
New development deals in the mid-market price range increased in 2016. In Manhattan, deals between $1 million and $3 million made up 45.4 percent of new contracts, a 21 percent increase from the previous year. Read the full report here.

Manhattan luxury sales | Olshan Realty
Twenty-nine contracts were signed last week at $4 million or higher with an average sales price of $7.2 million. Read the full report here.

Commercial

New York office sales | CommercialCafe

Total sales volume for office properties in New York exceeded $21 billion in 2016, a 7 percent decline from 2015, while price per square foot grew 7 percent to $1,347. Read the full report here.