Market Overview for Quarter 1, 2023
Median price/sqft
-6.8% YoY
Sales volume
-7.3% YoY
Transactions
-28.2% YoY
Total sqft
-30.4% YoY
There were a total of 79 transactions, representing a Y-o-Y decrease of 28.2%. The median price per square foot in Quarter 1, 2023 was $527, a change of -6.8% Y-o-Y.
Manhattan multifamily real estate price per square foot in Quarter 1, 2023 was $527, down by 6.8% Y-o-Y.
Manhattan multifamily real estate transactions in Quarter 1, 2023 was 79, down by 28.2% Y-o-Y.
Manhattan multifamily real estate sales volume in Quarter 1, 2023 was $1.7B, down by 7.3% Y-o-Y.
Manhattan multifamily real estate total square feet in Quarter 1, 2023 was 2.0M, down by 30.4% Y-o-Y.
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 |
|---|
See also
Manhattan Commercial Market Trends
Manhattan Retail Market Trends
Manhattan Office Market Trends
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