Manhattan Market Intelligence

As we’re in the throes of real estate's busiest season, there are likely some of you who have been considering buying given the persistently high rents in the city. In fact, Jonathan Miller, President and CEO of Miller Samuel, just reported an unexpected surge in Manhattan rents , reaching a new February peak. The rental market is experiencing robust growth, with the median rental price soaring to $4,230, marking a 3.3 percent annual increase. While the current interest rat

If you happened across the New York Times last week, you may have seen the write-up on the Central Park sidewalk restoration currently underway. This ambitious and long overdue project, spearheaded by the Central Park Conservancy, spans approximately six miles — precisely 108 blocks — and is being implemented in a phased approach. The first phase, which has already seen the completion of 26 blocks with six currently in progress, is slated for completion by 2028. However, the

I came across an article suggesting that inventory could see a significant increase of up to 40 percent. The reasoning behind this increase contradicts the theory I shared in January , which posited that as mortgage rates dropped, inventory would rise, since people would be more inclined to sell and/or buy. Mike Simonsen, the president and founder of Altos Research, presents a different perspective. He argues that inventory has actually been on the rise for the past two yea

Last summer, I highlighted the extravagant perks that luxury developments were offering to attract affluent buyers—ranging from in-house lifestyle managers to sommeliers to wellness concierges. These bespoke services afford homeowners and residents the luxury of reclaiming their time, often considered a premium amenity or “luxury perk” in itself. Luxury perks, in general, may be more understated and commonplace than what one might think. The real estate publication, 6SqFt