Nov 23, 2012

Manhattan Market New Development Update

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
Q4 2012
455 West 20th Street
Q4 2012
56 Leonard      
Q1 2013
404 Park Avenue South
Q1 2013
Baccarat Hotel & Residences
Q1 2013
Halcyon/East 51st Street
Q1 2013
Printing House/421 Hudson Street
Q1 2013
93 Reade
Q3 2013
361 Broadway
Q4 2013
Four Seasons
Tower Verre
West Village Residences

For more information:


2 Responses to " Manhattan Market New Development Update "
  1. New condo NYC said...
    November 28, 2012

    The average price of NYC Condos increased 1.6% to $1,201 per square foot from $1,182 in the same prior-year quarter.

  2. Res Course said...
    March 07, 2013

    I agree with your opinion.your article is excellent. I have been examinating out some of your stories and i can state pretty nice stuff. I look forward your next article. Its a great post.

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