Office space in Manhattan reaches all-time high

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Office space in Manhattan reaches all-time high

The office market continues to struggle as available office space reaches a record high in the second quarter. According to Savills, there were 70.3 million square feet of office space ready for leasing, accounting for 19.7 percent of total space, the highest since the start of the pandemic. Leasing activity dropped by 12.1 percent in the first half of the year compared to 2022, and the second quarter saw a significant decrease of 25.2 percent compared to pre-pandemic levels. Lease renewals and expansions ...

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One of the most expensive sales in the history of downtown Manhattan

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One of the most expensive sales in the history of downtown Manhattan

A six-bedroom, 7,000 square feet of living space, with panoramic views of the Hudson River and Manhattan skyline, and a 5,000-square-foot terrace penthouse condo apartment at One High Line, a new development in West Chelsea has entered into contract at $52 million, and downtown $50 million sales are rare compared to uptown luxury enclaves.

Some of the few $50 million residential real estate sales in downtown Manhattan include a penthouse at 70 Vestry Street in Tribeca that sold for $56 million and another Chelsea unit at the Getty, which sold for $59 million — both sales were ...

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Manhattan Market Pulse

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Manhattan Market Pulse

The monthly contract activity stood at 979 in June, down 6% both compared to last year and from the 1,042 historical average for the month. The Median Sales Price is $1,024,000, at the moment, 1.5% up from last year. The supply, which is the number of units on the market, stands at 7,003, down 6.8% from a year ago. While the number of pending sales, which ...

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Messi’s Real Estate Properties in Miami and the magnet effect

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Messi’s Real Estate Properties in Miami and the magnet effect

Lionel Messi, widely recognized as the world’s most accomplished soccer player, has selected Miami as his new residence, generating significant excitement in the city’s real estate market.

Messi now possesses three units in Sunny Isles: a $5 million unit on the 47th floor of the Porsche Design Tower, and units on the 40th and 43rd floors of the nearby Trump Royale Tower, each purchased for slightly over $1 million.

Additionally, Messi’s family acquired a condominium on the ninth floor of Regalia, another oceanfront tower in Sunny Isles, for $7.3 million.

Nevertheless, these properties may only partially meet ...

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The Underline’s last phase

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The Underline’s last phase

Renowned for its diverse offerings, the recently disclosed blueprints for the last segment of The Underline depict an array of captivating amenities. Expect an exquisite artisan market, a canine-friendly area featuring an agility course, outdoor pickleball, a skate park, half-court basketball, a miniature soccer field, a delightful tropical garden playground, self-sustaining micro-forests, elevated walkways adorning botanical rainwater ponds, and an abundance of beautiful public art will be seamlessly integrated throughout this $140 million urban trail and linear park, spanning a verdant expanse of 10 ...

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