This week in real estate market reports

A weekly feature bringing you the industry’s latest intel

New York /
May.May 05, 2017 06:05 PM

According to the most recent market reports, residential rents are down in Manhattan and Brooklyn are down by 1 and 4.2 percent year-over-year, and commercial values increased during President Trump’s first 100 days.

Residential

Rental report | StreetEasy
Rents in Manhattan declined 1 percent in the first quarter of 2017 year-over-year, while they increased 3.2 percent in Upper Manhattan. In Brooklyn, rent prices dropped 4.2 percent year-over-year, and inventory increased 27.6 percent. Read the full report here.

Manhattan residential sales | CityRealty
In April there was $1.9 billion in gross sales for condos and co-ops in Manhattan, with 817 units selling at an average of $3.6 million per condo and $1.2 million per co-op. Read the full report here.

Luxury Sales | Olshan Realty
The total asking dollar volume for the 27 luxury contracts signed last week was $177 million. Of the contracts, only two were above $10 million. Read the full report here.

Commercial

Trump’s first 100 Days | Cushman & Wakefield
Since the beginning of the Trump administration, the S&P is up 10 percent, and since the election CRE values have increased 2.4 percent and capital targeting CRE in the US have increased 9.8 percent to $144 billion, but many unknowns, especially on the policy front, remain. Read the full report here.


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Corcoran's Tim Davis with 1116 Meadow Lane (Tim Davis Hamptons)
Estate trades for $48M on Meadow Lane — $9M above ask
Estate trades for $48M on Meadow Lane — $9M above ask
Housing, Collapse
Housing starts collapse under inflation, high rates
Housing starts collapse under inflation, high rates
Blend Labs ceo Nima Ghamsari (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Blend)
Digital mortgage firm Blend loses $478M, sheds more of workforce
Digital mortgage firm Blend loses $478M, sheds more of workforce
Pastor Gregory Fryer and the Immanuel Lutheran Church at 120 and 122 East 88th Street (Getty Images, Immanuel NYC, Jim.henderson, CC0, via Wikimedia Commons)
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
Mahwah mayor Jim Wysocki and 1 International Boulevard and NJ-17 in Mahwah NJ (Google Maps, Facebook/Wysocki4Mayor, Getty)
Sheraton to Mahwah: We are not blighted
Sheraton to Mahwah: We are not blighted
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...