Shop T'ill You Drop - Manhattan's Growing Retail Market!
February 27, 2016Manhattan is developing around 2.4MM sqft in new retail space, which means: $374,400,000 in potential new gross rent revenue for the retail market alone. Swatch and Victoria’s Secret take the biggest rents: reaching up to $35 Million in annual rent! Bulgari spends over $5,300 per square...
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Should We Be Buying or Renting in Manhattan?
February 25, 2016Average rental prices climbed for the 23rd consecutive month to $4,073. Average Condo prices in NYC are now around $2,662,100; while average prices reach $1.15 million. Buying is a better option for higher income earners, while rentals are a...
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The State of the Apartment Market
February 23, 2016Luxury median sales prices surged by 25% to over $6MM from Q4 2014. New Development closing sales prices rose by 15.37% to $2,059,411 Closing time to close deals has fallen by 21.9% to 82 days, from 105 days in Q4 2014 The fourth quarter Manhattan market ended seeing fantastic price movement. Median sales prices rose 17.3%,...
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