According to the most recent market reports, residential rents grew 1.1 percent between January 2016 and 2017, new development condominiums in Manhattan are selling at an average price of $5.7 million Manhattan co-ops were popular in January, and the volume of investment sales deal stayed flat in the second half of 2016 relative to the previous year.
Residential
Manhattan sales | CityRealty
Co-ops outsold condos in Manhattan in January, with 446 and 439 sales respectively. The average price of new development condos rose to $5.7 million in January, a 3.6 percent increase from the preceding month. Read the full report here.
Rental report | ApartmentList
Rent prices are up 1.1 percent compared to 2015, with Greenpoint registering the largest jump at 7.4 percent. Read the full report here.
Luxury sales | Olshan
A total of 108 contracts over $4 million were signed in February, a 42 percent increase from 2016. Read the full report here.
Commercial
Mortgage report | Actovia
JPMorgan Chase and Signature Bank topped a list of the top 10 most frequent lenders in 2016. Read the full report here.
Investment sales | REBNY
There were 2,880 investment sale trades in the second half of 2016, a 1 percent decrease from 2015, and a total dollar volume of $26.8 billion. Read the full report here.
