Miami Is Now More Expensive Than New York City

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Miami Is Now More Expensive Than New York City

The long-held narrative of South Florida offering a budget-friendly alternative to New York has officially shifted. According to recent data from the U.S. Bureau of Economic Analysis, the Miami-Fort Lauderdale-Palm Beach metropolitan area has officially surpassed greater New York City in overall cost of living. Fueled by a staggering 36% jump in the regional Consumer Price Index since 2019, a rate of inflation outpaced nationally only by Tampa, South Florida now ranks as the second most expensive metro area in the United States, ...

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Finally! Specific Deadline Requirements for NYC Co-Op Applications

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Finally! Specific Deadline Requirements for NYC Co-Op Applications

Cooperative, or “Co-Op,” housing has historically been a key part of New York City’s real estate landscape. Many buildings have boards of directors that conduct thorough reviews of prospective buyers to verify financial stability and community fit. This application process and the time it takes to obtain board approval could often be unpredictable.

But things are changing with the Local Law 58 of 2026, which introduces landmark timing requirements for cooperative housing board applications. Applying to transfer applications submitted on or after July 28, 2026, ...

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Manhattan Office Availability Shrinks to Six-Year Low

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Manhattan Office Availability Shrinks to Six-Year Low

Manhattan’s office market experienced a strong surge in July, with leasing activity reaching 3.87 million square feet—a 27 percent increase from June and a 28 percent year-over-year rise. Total year-to-date volume reached 26.6 million square feet, keeping 2026 on track for its strongest annual performance since 2000. Consequently, available inventory shrank to 66 million square feet, its lowest level since September 2020 and down more than 32 percent from its post-pandemic peak.

The tech-centric Midtown South submarket drove nearly half of all deals, headlined by Anthropic’s 466,000-square-foot ...

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