Market Overview for Quarter 3, 2022
Average price/sqft
41% YoY
Sales volume
205% YoY
Transactions
-24% YoY
Total sqft
118% YoY
In total, 31 office deals closed, a decline of 24% compared to the same period last year. The average price per square foot in Quarter 3, 2022 was $1K, a change of 41% Y-o-Y.
Manhattan office real estate price per square foot in Quarter 3, 2022 was $1K, up by 41% Y-o-Y.
Manhattan office real estate transactions in Quarter 3, 2022 was 31, down by 24% Y-o-Y.
Manhattan office real estate sales volume in Quarter 3, 2022 was $2.3B, up by 205% Y-o-Y.
Manhattan office real estate total square feet in Quarter 3, 2022 was 2.2M, up by 118% Y-o-Y.
Recent Significant Sales
| Property Address | Submarket | Sale Date | Price | Square Feet | Average Price/Sqft | Package Deal |
|---|
Top Boroughs in New York City
View the most recent office market trends and historic prices per square feet, transactions and sales volume in Brooklyn , Queens , Bronx , Staten Island
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
Manhattan Commercial Market Trends
Manhattan Multifamily Market Trends
Manhattan Retail Market Trends
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