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Sublease Space Balloons; Office Sales Wither

Paul Bubny Globe St 10.04.2009
Sublease Space Balloons; Office Sales Wither

Sublease space has come onto the Manhattan office market in quantities that haven’t been seen for years and is putting downward pressure on asking rents, according to several quarterly reports. However, forecasts call for less cloudy conditions as the economy begins to stabilize late this year and into 2010.

Manhattan Co-Op Prices Decline 22%, Most Since 1995

Manhattan co-op prices dropped the most since 1995 and transactions for all apartments plummeted 48 percent in the first quarter from a year earlier as the recession and Wall Street unemployment cut demand.

Jumbo Problem with Manhattan Real Estate

Dawn Wotapka and Kelly Nolan The Wall Street Journal 02.04.2009

Manhattan Apartments Sell for Less if They Are Sold at All

JOSH BARBANEL The New York Times 02.04.2009
Jumbo Problem with Manhattan Real Estate

The big New York city brokerages put out their first-quarter reports today and the news was picked up by just about everyone.

Manhattan Apartments Sell for Less if They Are Sold at All

Hard times have come to the Manhattan real estate market, according to a series of quarterly sales reports to be issued on Thursday.

After Manhattan’s Office Boom, a Hard Fall

TERRY PRISTIN The NewYork Times 19.02.2009
After Manhattan’s Office Boom, a Hard Fall

Just as office towers appreciated in value faster in Manhattan than elsewhere during the boom years, now their decline is outpacing the rest of the nation, brokers and analysts say.

Manhattan Apartment Sales Drop for Fourth Quarter in Recession

Manhattan apartment sales fell for the fourth straight quarter and prices for the most expensive apartments dropped for the first time since the recession began as the national housing slump hit the metropolitan area.

30-year mortgage rates hit new low

Chicago Tribune  25.12.2008

Manhattan real estate starts to soften

Catherine Clifford CNN 03.07.2008
30-year mortgage rates hit new low

Rates on 30-year fixed-rate mortgages fell to their lowest level on record for the second straight week.

Manhattan real estate starts to soften

Sales are down according to the latest reports, but thanks to strong demand for luxury apartments the average Manhattan apartment now costs $1.67 million.

Manhattan for Rent

Cecily Hall WWD 13.06.2008
 
Manhattan for Rent

New York's top retail corridors ranked by their changes in average asking rents per square foot.

 
 

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