The renters are coming back to New York City in a big way, thanks to near record low concessions, falling rents, and lots of vacant apartments. Last month, new lease signings in Manhattan surged to their highest total for a February since the Financial Crisis in 2008.
(source: birckundergorund.com)
by Riccardo Ravasini There were 38 closing at $4 million and above in January 2021, 45 lessthan the previous month. The Average Closing Price was $8,493,335 down -4% from the previous month, meanwhile the Median Closing Price was $5,770,000 down -16% from the previous month, the Negotiability Factor, that is the average discount from the last asking price, was 14.23% up from 10.76% the previous month. The pace of the market was practicallyunchanged from the previous month, since the Average Days On …
by Riccardo Ravasini
It’s recovery time. In Manhattan, new lease signings rose to their highest level for the month of January, since the last financial crisis: up 57.6%year over year.
Lowered rents prompted an increase in the new lease contracts activity. Tenants are moving back to the city in search of good deals as they sense the leverage in their favor is not going to last forever.
The Median Rental Price was $3,000, down -16.6% from the previous year while the Net …
by Riccardo Ravasini
New signed contracts for co-ops, condos, and 1-3 families combined doubled in January, year over year, for the second annual increase since the lockdown ended. New listing inventory fell sharply year over year for the fourth straight month.
(source: Miller Samuel)
by Riccardo Ravasini 
In just a single year ending in 2020, Florida’s resident population increased by 241,256, the agency said.
The data covers changes between July 2019 and July 2020. The figures were released on December 22.
Next year, those numbers could rise even faster as a result of thepandemic.
In the second half of the year, Miami’s real estate market rose to a new record high, with analysts saying that migration trends to Florida were accelerating as a result of covid-19.
(source: …
by Riccardo Ravasini 
Gov. Andrew Cuomo is pushing a plan to get employees back in office buildings — and office landlords are on board.
In the second installment of his 2021 “State of the State” address, Cuomo announced that rapid testing would be used in state-designated orange zones to open office buildings, along with restaurants and theaters.
Cuomo said he will work with the real estate community to open hundreds of new “pop-up” rapid testing sites, where people can be tested before engaging …
by Riccardo Ravasini