Manhattan Market Intelligence

With all the back-and-forth on tariffs, many people are feeling hesitant about making moves with their portfolios or real estate investments. After a sharp drop in the stock market earlier this week, markets appeared to rebound slightly yesterday following President Trump’s surprise announcement of a 90-day tariff pause in the ongoing trade war. This so-called “timeout” may have been prompted by advisors urging Trump to ease off his most stringent tariffs in order to avoid wh

The newly released Q1 2025 Manhattan Apartment Market Report reveals a sharp 29% year-over-year increase in apartment sales, with the total dollar volume soaring to $5.7 billion—up 56% from the same period in 2024. This dramatic growth was fueled largely by the luxury sector, as high-net-worth individuals turned to real estate as a safe investment amid market uncertainty. Several key factors contributed to this surge: Falling mortgage rates : Between May and October 2024, mo

The latest inventory report shows that Manhattan’s supply of apartments for sale dropped to 6.9 months in March, creating a bit of a spring sales gridlock. While activity has picked up, it hasn’t reached the pace we typically expect this time of year. Brown Harris Stevens CEO Bess Freedman suggests that uncertainty around potential tariffs from the new administration, combined with broader economic concerns, may be contributing factors. Despite the slowdown, Freedman remain

Rents are climbing once again, with Manhattan’s median rent rising 6.4% year-over-year to $4,500. This marks the fifth consecutive increase across the Manhattan, Brooklyn, and Queens rental markets—an unusual trend for February, typically a slower period. However, bidding wars have continued to drive prices higher in both Manhattan and Brooklyn. The luxury sector has also seen a sharp uptick , with median rent jumping 8.4% to $10,600. The price per square foot is now at a re