Market Overview for Quarter 1, 2026
Median price/sqft
19.7% YoY
Sales volume
31.9% YoY
Transactions
35.6% YoY
Total sqft
31% YoY
A total of 198 sales were closed, representing a Y-o-Y increase of 35.6%. The median price per square foot in Quarter 1, 2026 was $797, a change of 19.7% Y-o-Y.
Manhattan commercial real estate price per square foot in Quarter 1, 2026 was $797, up by 19.7% Y-o-Y.
Manhattan commercial real estate transactions in Quarter 1, 2026 was 198, up by 35.6% Y-o-Y.
Manhattan commercial real estate sales volume in Quarter 1, 2026 was $3.3B, up by 31.9% Y-o-Y.
Manhattan commercial real estate total square feet in Quarter 1, 2026 was 5.5M, up by 31% Y-o-Y.
Manhattan Commercial Sales Volume by Property Type
Recent Significant Sales
| Property Address | Submarket | Sale Date | Price | Square Feet | Price/Sqft | Package Deal |
|---|
Top Boroughs in New York City
Manhattan median price per sqft compared with other boroughs in New York City
| Submarket | Borough | Median sale price/sqft | Transactions | Sales volume | Total sqft |
|---|
Discover market trends in other boroughs in New York City
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 Data comes from publicly available sources which can be out of date.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.