According to the latest batch of New York City market reports, office leasing in Midtown so far this year is down 31 percent year-over-year, average rent in Manhattan didn’t change much in June, and the number of multifamily sales picked back up in May.
June 2016 residential rentals: MNS
Manhattan’s average rent remained largely unchanged at $4,047 in June. Read the full report here.
Q2 2016 Manhattan residential sales: Douglas Elliman
Luxury listings priced above $5 million skyrocketed in the second quarter and the average sales price for all apartment remained on par with last quarter. Read the full report here.
Q2 2016 Brooklyn residential sales: Douglas Elliman
Brooklyn’s average sales price reached $816,827 in the second quarter. The number of sales was up year-over-year but fell slightly over the prior quarter to 1,888 units. Read the full report here.
Q2 2016 Queens residential sales: Douglas Elliman
The average sales price for a Queens homes reached a record high of $526,943 in the second quarter and the number of sales rose 2.8 percent over the previous quarter. Read the full report here.
May 2016 NYC multifamily investment sales: Ariel Property Advisors
The number of multifamily investment sales across New York City picked back up in May, although total dollar volume slipped below $1.2 billion. Read the full report here.
July 2016 Midtown Manhattan office leasing: CBRE
Midtown Manhattan leasing activity totaled 1.2 million square feet in June, 3 percent below the five-year average. Year-to-date leasing is down 31 percent compared to the same period last year. Read the full report here.
July 2016 Downtown Manhattan office leasing: CBRE
Leasing activity Downtown totaled 610,000 square feet in June and is up above the five-year average.