The pipeline of Manhattan condo units has grown steadily for the past three years since bottoming out at 12,602 units in the third quarter of 2013. But after a three-year climb, the number of condo units proposed, under construction and on the market has plateaued, according to a new analysis by The Real Deal. And the existing pool of condos could shrink even more as the tighter financing market weeds out projects deemed to be too risky in the current ...

As recently reported by The Real Deal, the Qatar Investment Authority (QIA) has started to make splashy purchases in New York’s real estate market, increasingly drawing the industry’s attention. For example, in August, the sovereign wealth fund bought nearly 10% state in Empire State Realty Trust, which owns the Empire State Building among other office and retail properties. And over the past two years, the fund has bought $3.78 billion worth of Manhattan p
roperties (source: Real Capital Analytics), including ...

The city in August announced that the Department of Planning would initiate a study on the neighborhood for a possible rezoning. In doing so, Gowanus will join East Harlem, East New York and Long Island City as areas targeted for rezoning under the city’s affordable-housing strategy.
Surrounded on three sides by Park Slope, Carroll Gardens and Boerum Hill, Gowanus has been dubbed the next Dumbo. Between 2007 and 2015, median home sales prices rose to $720,000 from $535,335 — a ...

According to a new report from Miller Samuel, the average sale price for luxury condos in Miami and Miami Beach plunged 30% year over year in the third quarter, to $948,700 and $2.6 million respectively. The number of luxury condo sales also dropped by 25% in MIami and 17% in Miami Beach — amidst a glut of high-priced homes and condos. Inventory of luxury condos in Miami Beach jumped 30% in the quarter compared with a year ago while in ...

As reported by the Miami Herald, the commercial real estate market outlook looks strong as we head into 2017. The only caveat is: as long as more mass transit is on the horizon.
In the office market, rents are at an all-time high in certain markets, according to Cushman & Wakefield which represents nearly 5 million square feet of office space in South Florida. For instance: Office space in Brickell is hitting around $60 a square foot for Class A ...

Brazilian investors, seeking an alternative to their country’s risky real estate market, are returning to Florida to invest in property and establish an income source in dollars. Back in Brazil, the economic crisis and rising unemployment have sent rents down 5.2 percent in the past year while rents in Miami were stable in the first half of the year.
Brazilians were third among foreigners searching for South Florida real estate in June, according to the Miami Association of Realtors, after ...