New York City’s new dev market continues to shrink in October
It’s turning into a fall to forget for New York City’s new development market. The city recorded 215 contracts in October, down roughly 30 percent from the same period the prior year, according to a Marketproof report. It has been the third straight month where new development contracts failed to beat last year’s numbers. During that time period, the segment’s contract volume has fallen by roughly 19 percent. While demand overall in the city remained strong, the new development market has continued to suffer from a lack of new inventory with which to entice buyers. In Brooklyn in particular, there […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Deals, debt and Epstein’s ties to the industry
The Daily Dirt: A tax exemption for rent-stabilized
portfolios hasn’t been so helpful
Maimonides Medical Center sells for $151.9 million.
We Buy Houses Bowie, MD: Top 5 Companies
What Does It Mean When the Appraisal Comes in Higher Than
Your Offer?
How to Pack for a Move In a Month: Your Room-by-Room
Plan
How to Pack for a Move In a Hurry: A Fast Track to
Success
Rent Spikes are a Thing of the Past—But Investors Can Look
Forward to a Stable Multifamily Market Instead
Why Investors Are Feeling Increasingly Positive About the
Multifamily Market
A New Fed Chairman is Coming Soon—Here’s What Their
Potential Low-Rate Policy Will Mean For Investors
