Market Overview for Quarter 1, 2025
Median price/sqft
-12.1% YoY
Sales volume
79.9% YoY
Transactions
14.7% YoY
Total sqft
137.2% YoY
In total, 39 office deals closed, for a gain of 14.7% compared to the same period last year. The median price per square foot in Quarter 1, 2025 was $627, a change of -12.1% Y-o-Y.
Manhattan office real estate price per square foot in Quarter 1, 2025 was $627, down by 12.1% Y-o-Y.
Manhattan office real estate transactions in Quarter 1, 2025 was 39, up by 14.7% Y-o-Y.
Manhattan office real estate sales volume in Quarter 1, 2025 was $1.2B, up by 79.9% Y-o-Y.
Manhattan office real estate total square feet in Quarter 1, 2025 was 3M, up by 137.2% 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 |
|---|
Discover market trends in other boroughs in New York City
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