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
Fair use and redistribution
We encourage and freely grant you permission to reuse and repost the information, charts and images found in this report. When doing so, we only ask that you link back to this page, or PropertyShark.com.
Disclaimer
PropertyShark.com provides commercial market trend information (Data) on an "as is" basis for the user's personal use. Data comes from publicly available sources which can be out of date. PropertyShark.com provides no warranties regarding title, merchantability, or fitness for a particular purpose. While reasonable efforts are made toward maintaining a high standard of quality of information, PropertyShark.com does not warrant the accuracy, completeness, timeliness or other characteristics of the Data.