Blocks & Lots

News: New Dev Contracts Cap Boom Year With $1 Billion December (The Real Deal)

New development contracts finished the year with a slight holiday dip, capping off a promising 2021.

Buyers signed contracts for 341 new development condos across the city in December, according to a monthly analysis by Marketproof, a 15 percent decrease from November’s 413 deals. The 341 units were asking a combined $1.03 billion.

“As we head into the New Year with a new mayor and with retail and commercial activity also trending upward, the residential ecosystem is primed for continued growth into 2022,” said Marketproof CEO Kael Goodman, who authored the report.

Marketproof