Strategy

A record-high number of apartments are available for rent in Manhattan

The number of empty rentals in Manhattan is at a 14-year record high, according to appraisal firm Miller Samuel and real estate company Douglas Elliman. The 15,025 available rentals is 14.5% higher than last month‘s 13,117 and nearly triple the 5,645 empty rentals from August 2019. The August report notes […]
A record-high number of apartments are available for rent in Manhattan
Markets

One figure shows Manhattan real-estate prices hit a 5-year low at the end of 2019 — and it means buyers are getting more bang for their buck

Average price-per-square-foot in Manhattan dropped to $US1,333 in the fourth quarter of 2019, the lowest since 2014, a Friday report from real-estate technology company Compass showed. The decline was driven by sales of larger apartments in 2019 compared to previous years, the report showed. At the same time, average sales […]
One figure shows Manhattan real-estate prices hit a 5-year low at the end of 2019 — and it means buyers are getting more bang for their buck