Manhattan Market Intelligence

Rental inventory in Manhattan is on the decline, contributing to rising rental costs in several neighborhoods. Greenwich Village experienced the most significant year-over-year increase , with rents spiking 12.1% to a median asking price of $5,600 in October. Soho and Flatiron followed with the 3rd and 4th highest increases, up 9.6% (median ask: $8,000) and 9.0% (median ask: $6,375), respectively. In contrast, rental inventory is increasing in Queens and Brooklyn, leading to

When we hear that inventory is up, it’s easy to assume there’s no shortage of supply. However, this assumption often overlooks a key nuance: inventory figures represent total supply across the board. While the overall number may seem robust, it doesn’t account for specific neighborhoods or price points where inventory might actually be low. As a result, aggregate numbers can be misleading at first glance. According to Brown Harris Stevens’ November 2024 Manhattan Inventory Re

With Thanksgiving just a week away, many of us are already diving into the holiday season—whether it's shopping, decorating, or planning festive gatherings. For New Yorkers, shopping options abound, but decorating? That’s where the challenge can come in. City living often means smaller spaces, but that doesn’t have to stop you from embracing the holiday spirit—or even hosting your own holiday party! If you celebrate Christmas, you’ll find a variety of tree sizes perfect for

Overpricing a home can be tempting, as many sellers worry that pricing too close to market value leaves money on the table. John Walkup, co-founder and partner at UrbanDigs Analytics, explains, “This tendency is rooted in human psychology. Sellers believe that by not asking more than the home is worth, they miss out on potential gains.” In his analysis, Walkup categorizes pricing outcomes by days on market , classifying homes as either priced right, middle ground, or overpric