Coming out of the pandemic, the New York City real estate market is definitely in uncharted waters. Condo contract activity is finally slowing down, although still elevated above 2019 levels, while rents are...
Tag - New Development
Why NYC New Development Should Be More Transparent
In an unregulated market economy, suppliers sell goods and services at the highest price buyers are willing to pay. If supply increases faster than demand, prices will fall. If demand increases faster than supply...
New Brooklyn condos outsell Manhattan
The NYC new development market suffered three disruptions between 2017 and 2020 that especially affected Manhattan: International buyers looked elsewhere following the 2016 US election,a new mansion tax went into...
