Manhattan Market Update
Strong
demand over the past three quarters has propelled the overall market
into supply-demand equilibrium (defined as six to nine months supply).
This occurred faster than expected and was previously forecasted for
early 2013.
The Upper West Side and Downtown (excluding the Financial
District and Battery Park City) continue to lead with months supply at
or near under-supply for new development, resale condos and resale
co-ops. (Data source: CS Third Quarter Manhattan Market Report)
Coming sites
101 West 87th Street
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Q4 2012
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455 West 20th Street
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Q4 2012
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56 Leonard
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Q1 2013
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404 Park Avenue South
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Q1 2013
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Baccarat Hotel & Residences
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Q1 2013
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Halcyon/East 51st Street
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Q1 2013
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Printing House/421 Hudson Street
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Q1 2013
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93 Reade
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Q3 2013
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361 Broadway
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Q4 2013
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Four Seasons
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2014
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Tower Verre
|
2014
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West Village Residences
|
2014
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2 Responses to "Manhattan Market New Development Update"The average price of NYC Condos increased 1.6% to $1,201 per square foot from $1,182 in the same prior-year quarter.
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