Market Overview for Quarter 3, 2023
Median price/sqft
-21% YoY
Sales volume
-7.7% YoY
Transactions
9% YoY
Total sqft
-20% YoY
In total, 194 commercial deals closed, for a gain of 9% compared to the same period last year. The median price per square foot in Quarter 3, 2023 was $596, a change of -21% Y-o-Y.
Manhattan commercial real estate price per square foot in Quarter 3, 2023 was $596, down by 21% Y-o-Y.
Manhattan commercial real estate transactions in Quarter 3, 2023 was 194, up by 9% Y-o-Y.
Manhattan commercial real estate sales volume in Quarter 3, 2023 was $4.3B, down by 7.7% Y-o-Y.
Manhattan commercial real estate total square feet in Quarter 3, 2023 was 5.7M, down by 20% Y-o-Y.
Manhattan Commercial Sales Volume by Property Type
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
Manhattan Multifamily Market Trends
Manhattan Retail Market Trends
Manhattan Office Market Trends
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