Manhattan’s office leasing market continues its steady rebound. In April, tenants signed 3.38 million square feet of new leases—up 23% year over year—according to Colliers. While volume dipped from March, availability fell to 15.7%, the lowest since February 2021.
At this pace, leasing activity could hit 44.3 million square feet in 2025, the highest since 2000.
Despite economic headwinds, leasing activity is driven by tenants relocating and upgrading, signaling confidence in Manhattan’s long-term office outlook.
(source: The Real Deal, picture: Micheal Discenza)
by Riccardo Ravasini 
After years of headlines warning about New York City’s decline, new data tells a different story: the city is growing again, thanks mainly to international migration.
A Global Boost for the Big Apple
According to the Citizens Budget Commission, while more people are still leaving NYC for other parts of the U.S., international newcomers have more than compensated for the difference. Over the past two years, this surge in global arrivals has pushed the city’s population back into growth mode. These new residents …
by Riccardo Ravasini 
The Contract activity, or the number of signed contracts, is up 13.4% year over year, the same as the monthly historical average, with 1,089 closed contracts.
The median sales price for a Manhattan apartment is $1.19M, reflecting a 5.8% increase compared to a year ago.
The supply, or the number of units available on the market, is really close to last year’s, as it has decreased by just 1% annually.
Meanwhile, the number of pending sales in Manhattan has risen …
by Riccardo Ravasini 
North Beach is experiencing a significant development boom, with a surge of luxury projects set to transform the northern end of Miami Beach. After years of minimal activity, at least nine private development projects are either underway or in the planning stages today.
Among them, 72 Park, a 22-story luxury tower at 580 72nd Street, opened this April—the first new condo in North Beach in five years. Developer Lefferts is also planning three more projects nearby: Palma Miami Beach Residences, 72 Carlyle, and a mixed-use building at 880 71st Street.
by Riccardo Ravasini 
Broward County is stepping out of Miami’s shadow with a surge of new luxury developments and growing buyer interest. More than 3,900 condo units are in the pipeline, reshaping the skyline across over two dozen projects.
The county offers a quieter, relatively more affordable alternative to Miami, drawing buyers from the Northeast, Midwest, California, and Canada. Fort Lauderdale, in particular, is gaining momentum in the luxury market, with record-breaking sales and global hotel brands setting up shop. This boom attracts high-profile residents, such as supermodel Gisele Bündchen, who …
by Riccardo Ravasini