The week in real estate market reports
A weekly feature bringing you the industry’s latest intel
The Bronx’s luxury market picked up in 2015, Manhattan’s leasing activity was down in December and Brooklyn’s average townhouse price per square foot reached a new high.
2015 Bronx residential sales: PropertyShark
Luxury sales are picking up in the Bronx. A record-breaking 37 apartments and homes sold for over $1 million last year, including a residence at 4680 Livingston Avenue, which sold for 2.9 million. Read the full report here.
Q4 2015 Brooklyn residential sales: Brown Harris Stevens
Brooklyn’s average townhouse price per square foot set a new record of $411 in the final quarter of the year, and the the average price for an apartment reached $687,701. Read the full report here.
Q4 2015 Manhattan residential sales: Citi Habitats
Manhattan’s median price hit a 10-year high of $1.1 million in Q4. Inventory reached its second lowest level in the past 10 years, and the average price per square foot reached a record high of $1,736. Read the full report here.
December 2015 US CMBS delinquency: Trepp
The U.S. CMBS delinquency rate ended the year at 5.17 percent, following three consecutive months of improvement. Read the full report here.
Q4 2015 Manhattan office leasing: Cushman & Wakefield
New leasing activity slipped during the last quarter of the year. Nearly 28 million square feet of new space was leased in the final three months, a 14 percent decrease from 2014. Read the full report here.
November 2015 NYC multifamily sales: Ariel Property Advisors
The multifamily market picked up in November after experiencing sluggish sales in the previous month. Sales totaled $895 million for the month, a 9 percent increase from October and 47 percent rise year-over-year. Read the full report here.