According to this week’s market reports, median rent in New York is down 0.4 percent, and retail rents on Bleecker Street fell 25 percent since fall 2016, but only 1 percent since the spring.
Luxury sales | Olshan Realty
Fifteen residential contracts were signed last week at $4 million and above with a total asking dollar volume of $112 million.
Townhouse sales | Leslie J. Garfield
Between Nov. 11 and 22, four townhouses went into contract in Brooklyn and Manhattan, 15 entered the market, and 10 dropped their ask.
Rental report | ApartmentList
In November, the median rent for a one-bedroom in New York was $2,080, down 0.4 percent month-over-month and .1 percent year-over-year.
Retail report | REBNY
Average rents decline in 13 of Manhattan’s 17 retail corridor in fall 2017. Bleeker Street saw the greatest decline in median rent since 2016, with a 25 percent drop.
NYC office insight | JLL
Despite strong office leasing activity, particularly on the West Side, Manhattan overall asking rents rose by less than 1 percent-year over-year in the third quarter.
Office pipeline | Commercial Cafe
New York leads the nation in office deliveries for 2018, with 15 buildings and 6.8 million square feet of office space currentlyunder construction