The New York market continues to make a phenomenal recovery post-pandemic. As travel restrictions ease, international demand for prime property is on the rise.
- Manhattan properties saw 1,203 signed contracts in October 2021, 43% more than the same month in 2020
- Prime prices are expected to reach 5% in 2022, which will represent Manhattan’s highest rate of growth in seven years.
- Manhattan prime rents and new lease signings area are accelerating rapidly.
- We continue to see the greatest demand for new development product.
Download the New York Market Insight Q4 2021 report to read more.