The average price for residential real estate in Manhattan, New York increased for luxury, new developments, and condos. Conversely, prices for re-sale and co-op properties declined slightly. In the third quarter of 2024, the average square footage price for a re-sale property was 1,404 U.S. dollars per square foot.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Manhattan, KS (CBSA) (MEDLISPRIPERSQUFEE31740) from Jul 2016 to Jun 2025 about Manhattan, KS, square feet, listing, median, price, and USA.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) (MEDLISPRIPERSQUFEE35620) from Jul 2016 to Jun 2025 about NJ, New York, square feet, PA, NY, listing, median, price, and USA.

The average asking rent for Class A office space in Midtown Manhattan was ***** U.S. dollars per square foot in the first quarter of 2024. It was above the Manhattan average of ***** U.S. dollars, but below that of Midtown South, which was the most expensive district at ****** U.S. dollars per square foot. What is Class A real estate?Class A real estate refers to the best properties in terms of appearance, age, quality of infrastructure and location. These properties usually command the highest rental rates, due to their high quality. In the U.S., Manhattan has the most expensive rents for Class A offices.Midtown vs Midtown SouthMidtown Manhattan contains the Empire State Building, MoMA, Grand Central Station, and the United Nations Headquarters. The most expensive submarket there was Plaza District in 2024. Meanwhile, Midtown South is home to Madison Square Garden, Pennsylvania Station, Hudson Yards, and Koreatown. In 2024, the most expensive submarket there was Hudson Yards, followed by Chelsea and Hudson Square.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in New York (MEDLISPRIPERSQUFEENY) from Jul 2016 to Jun 2025 about square feet, NY, listing, median, price, and USA.

The average Class B asking rent for office real estate in Manhattan in the fourth quarter of 2023 was ***** U.S. dollars per square foot. The district that reported the highest average Class B rent was Midtown South, where a square foot of space cost ***** U.S. dollars. Between the fourth quarter of 2022 and the fourth quarter of 2023, rents in Midtown South increased, while in Midtown and Downtown, they declined.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting *** U.S. dollars per square foot in 2022. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Manhattan, KS (CBSA) was 10.26% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Manhattan, KS (CBSA) reached a record high of 21.63 in June of 2022 and a record low of -5.99 in November of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Manhattan, KS (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Manhattan, KS (CBSA) was -1.32% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Manhattan, KS (CBSA) reached a record high of 16.08 in February of 2022 and a record low of -4.33 in September of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Manhattan, KS (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Housing Inventory: Median Listing Price per Square Feet in Manhattan, KS (CBSA) was 136.00000 U.S. $ in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in Manhattan, KS (CBSA) reached a record high of 138.00000 in February of 2025 and a record low of 83.00000 in January of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in Manhattan, KS (CBSA) - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Riley County, KS (MEDLISPRIPERSQUFEEMM20161) from Jul 2017 to Jun 2025 about Riley County, KS; Manhattan; KS; square feet; listing; median; price; and USA.

This statistic shows the median size of new residential units in Manhattan and Brooklyn, New York in the first quarter 2018. In that quarter, the median size of newly developed two-bed units sold in Manhattan amounted to ***** square feet, whereas the median size of those sold in Brooklyn was ***** square feet.

The average Class A asking rent for office real estate in Downtown Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Tribeca had the highest average Class A rent of ****** U.S. dollars per square foot. Renting a square foot of Class A property in Tribeca cost more than double the cost in all the other submarkets in Downtown Manhattan. Meanwhile, the Insurance District was the only district where Class A office rents rose between 2022 and 2023.

The average asking rent for office space in Midtown Manhattan in the fourth quarter of 2023 was highest in the Plaza District. The square foot of space cost 93.3 U.S. dollars to rent in that quarter. The cheapest submarket to rent office space was Columbus Circle, where a square foot cost 68.32 U.S. dollars. Times Square was the only district where the average rent rose between the fourth quarter of 2022 and the fourth quarter of 2023.

The average Class B asking rent for office real estate in Midtown, Manhattan in the fourth quarter of 2023 varied by submarket. Columbus circle had the highest average Class B rent of 70.13 U.S. dollars per square foot, while Times Square had the lowest rate of 52.93 U.S. dollars per square foot. The average class B asking rent in Midtown was 59.83 U.S. dollars in that quarter.

Home of the New York Stock Exchange, Times Square, the Theater District, and countless other landmarks, Manhattan is undoubtedly among the most expensive commercial real estate markets in the United States. On 5th Ave (49th St. - 59th St.), the annual asking rent of retail space reached ***** U.S. dollars per square foot in the first half of 2023. Broadway & 7th Ave (42nd St. - 47th St.) had the second highest rent among Manhattan corridors, with a median asking rent of *** U.S. dollars.

The amount of office space in Midtown Manhattan amounted to ***** million square feet in the first quarter of 2024. This was the largest district in terms of office inventory, followed by Midtown South and Downtown Manhattan. Importance of New York for office spaceManhattan is the most famous borough of New York City, and is home to the headquarters of many international organizations as well as multinational corporations, such as the United Nations, Citi and Pfizer. The borough is also located on an island in the middle of the city, which means that the volume of space is limited in supply and that real estate is in high demand there. Asking rents in the borough are, consequently, very high. Availability of office spaceThe availability rate of office space in Manhattan varies between the districts, but is almost ** percent on average. This means that roughly ** percent of total rentable space is available.

Manhattan, NY, was the market where renting an office was most expensive in the United States in 2023. The average annual quoted square footage rent of office space was close to ** U.S. dollars in the fourth quarter of the year. Only one other market - East Bay - came close to this rental rate. In Washington D.C., the market with the second-largest inventory of class A downtown offices, the annual rent amounted to approximately ** U.S. dollars per square foot. Since the onset of the coronavirus pandemic, the office real estate sector has been suffering an increase in office vacancies, affecting both downtown and suburban properties.

The average Class A asking rent for office real estate in Midtown South, Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Hudson Yards/Manhattan West had the highest average Class A rent of ****** U.S. dollars per square foot. A square foot of Class A property in Murray Hill cost ***** U.S. dollars to rent, which was about half the cost of one in Hudson Yards.

Annual office occupancy costs in the Americas were highest in Manhattan in New York City where they reached over 169 U.S. dollars per square foot in the second quarter of 2021. Occupancy costs include service charges and taxes, and are also known as gross rents in the United States. In the same period, office occupancy costs amounted to 23.59 U.S. dollars per square foot per year in Rio De Janerio, Brazil which was the lowest recorded in the range in this category.