real estate Archives - Page 10 of 15 - Rava Realty

Manhattan’s retail loss is outer boroughs’ gain

Posted by:

Manhattan retailers are still waiting for the return of tourists to 5th Avenue and employees to Midtown offices, but some retail corridors outside of the central business district have seen metrics return almost to where they were before the pandemic.

Vacancies and rents in the Bronx’s main retail area, Fordham Road, are near normal, the New York Times reported. The vacancy rate is 3 percent, according to the Fordham Road Business Improvement District.

Meanwhile, in Brooklyn, new residential development has aided projects ...

Continue Reading →
0

Manhattan Sales Report 1Q 2021

Posted by:

Let’s take a look at closed sales in the first quarter of 2021.

Manhattan has finally joined the real estate party that the wider tri-state region, and also most markets in the USA, have been experiencing since the summer. 

Manhattan lost more residents than the other boroughs during the pandemic due ...

Continue Reading →
0

Hotels In Miami Are Performing Better Than Any Other Major U.S. Market During Covid

Posted by:

Occupancy for the month of January was 54.5%, with an average daily room rate of $195.08. Both were the highest of any major market in the U.S. for the month.

In February, Miami continued to post the best number in the U.S.Occupancy was up to 75.8% in the third week of the month.

According to Travel Weekly, oceanfront hotels are doing particularly well, with most beach resorts reporting 80% to 90% on weekends. The numbers are particularly encouraging since ...

Continue Reading →
0

New leases for Manhattan apartments more than doubled in February

Posted by:

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)

Continue Reading →
0

Manhattan Luxury Market Reality Check – Jan 2021

Posted by:

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 ...

Continue Reading →
0

Manhattan Sales Activity is UP Big Time

Posted by:

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)

Continue Reading →
0
Page 10 of 15 «...89101112...»