Manhattan Retail Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 4, 2023


Median price/sqft

$1.1K

10.6% YoY


Sales volume

$300.4M

33% YoY


Transactions

29

-23.7% YoY


Total sqft

241K

35.1% YoY

In total, 29 retail deals closed, a decline of 23.7% compared to the same period last year. The median price per square foot in Quarter 4, 2023 was $1K, a change of 10.6% Y-o-Y.

Median Retail Sale Price Per Square Feet

Manhattan retail real estate price per square foot in Quarter 4, 2023 was $1K, up by 10.6% Y-o-Y.

Retail Transactions in Manhattan

Manhattan retail real estate transactions in Quarter 4, 2023 was 29, down by 23.7% Y-o-Y.

Retail Sales Volume in Manhattan

Manhattan retail real estate sales volume in Quarter 4, 2023 was $300.4M, up by 33% Y-o-Y.

Total sqft of Retail Properties Sold in Manhattan

Manhattan retail real estate total square feet in Quarter 4, 2023 was 241K, up by 35.1% 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

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 Data comes from publicly available sources which can be out of date.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.