Manhattan Commercial Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 3, 2022


Average price/sqft

$889

55% YoY


Sales volume

$4.5B

88% YoY


Transactions

165

-11% YoY


Total sqft

5M

22% YoY

In total, 165 commercial deals closed, a decline of 11% compared to the same period last year. The average price per square foot in Quarter 3, 2022 was $889, a change of 55% Y-o-Y.

Average Commercial Sale Price Per Square Feet

Manhattan commercial real estate price per square foot in Quarter 3, 2022 was $889, up by 55% Y-o-Y.

Commercial Transactions in Manhattan

Manhattan commercial real estate transactions in Quarter 3, 2022 was 165, down by 11% Y-o-Y.

Commercial sales volume in Manhattan

Manhattan commercial real estate sales volume in Quarter 3, 2022 was $4.5B, up by 88% Y-o-Y.

Total sqft of Commercial properties sold in Manhattan

Manhattan commercial real estate total square feet in Quarter 3, 2022 was 5M, up by 22% Y-o-Y.

Manhattan Commercial Sales Volume by property type

Recent Significant Sales

Property Address Submarket Sale Date Price Square Feet Average Price/Sqft Package Deal

Top Boroughs in New York City

Manhattan average price per sqft compared with other boroughs in New York City

Submarket Borough Average sale price/sqft Transactions Sales volume Total sqft

See also

Fair use and redistribution

We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.

Disclaimer

PropertyShark.com provides commercial market trend information (Data) on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose. While reasonable efforts are made toward maintaining a high standard of quality of information, PropertyShark.com does not warrant the accuracy, completeness, timeliness or other characteristics of the Data.