Market Overview for Quarter 2, 2023
Median price/sqft
-12.2% YoY
Sales volume
-26.3% YoY
Transactions
5.9% YoY
Total sqft
4.2% YoY
In total, 36 office deals closed, for a gain of 5.9% compared to the same period last year. The median price per square foot in Quarter 2, 2023 was $911, a change of -12.2% Y-o-Y.
Manhattan office real estate price per square foot in Quarter 2, 2023 was $911, down by 12.2% Y-o-Y.
Manhattan office real estate transactions in Quarter 2, 2023 was 36, up by 5.9% Y-o-Y.
Manhattan office real estate sales volume in Quarter 2, 2023 was $1.4B, down by 26.3% Y-o-Y.
Manhattan office real estate total square feet in Quarter 2, 2023 was 1.6M, up by 4.2% 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 |
|---|
See also
Manhattan Commercial Market Trends
Manhattan Multifamily Market Trends
Manhattan Retail Market Trends
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