A few years ago, developers touted the mid-market sector — generally defined as units priced between $2 million and $5 million — as a sweet spot. Today, this price range is beginning to experience a slowdown thanks to an oversupply of inventory coupled with pent-up demand for units priced under $1.5 million. Of note, starting in early 2015, a similar softness hit the ultra luxury sector.

According to analytics site UrbanDigs.com, there are close to 1,400 listed properties between $2 million ...

Despite a shaky political climate and real estate market where office leasing and condo sales have taken a dip, New York developers remain bullish and are moving full steam ahead with tens of millions of square feet of new developments — including tens of thousands of residential units. According to analysis done by The Real Deal, the top 10 most active builders are constructing 26 million square feet of commercial and residential space in Manhattan alone!
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Good news for renters — particularly those in the market for NYC’s luxury apartments. The average rent throughout Manhattan and Brooklyn dipped in January while concessions like free rent and comped building amenity fees reached new highs. According to Douglas Elliman report, the use of concessions hit an all-time high for the fourth consecutive month, with more than 30 percent of leases including a concession now.
In Manhattan, the median rent has been on the decline for six consecutive months, ...