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 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.

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 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.

Between 2020 and 2022, the average square footage price of one-to-three family homes in Queens, New York increased. Existing condo prices, on the other hand, fell from ***** U.S. dollars per square foot in the ********************* to *** U.S. dollars per square foot in the *********************.

The median listing price per square foot in a given market during the specified month.

With the release of its September 2022 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology updates and improves the calculation of time on market and improves handling of duplicate listings. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since October 2022 will not be directly comparable with previous data releases (files downloaded before October 2022) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/).

With the release of its November 2021 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology uses the latest and most accurate data mapping of listing statuses to yield a cleaner and more consistent measurement of active listings at both the national and local level. The methodology has also been adjusted to better account for missing data in some fields including square footage. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since December 2021 will not be directly comparable with previous data releases (files downloaded before December 2021) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/).

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Manhattan, KS (CBSA) (MEDLISPRIPERSQUFEEMM31740) from Jul 2017 to Jun 2025 about Manhattan, KS, square feet, listing, median, price, and USA.

The average Class B asking rent for office real estate in Manhattan in the fourth quarter of 2023 was 67.81 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 74.02 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.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Nassau County, NY (MEDLISPRIPERSQUFEE36059) from Jul 2016 to May 2025 about Nassau County, NY; New York; square feet; NY; listing; median; price; and USA.

Mechanical, plumbing, fire protection was the most expensive cost category in a complete office fit-out in New York City in 2023. The square foot cost of an office fit-out was approximately *** U.S. dollars, with the mechanical, plumbing, and fire protection works comprising about one-fifth of the total cost. In the U.S., New York City was the market with the third-highest fit out cost for offices, after San Jose and San Francisco.

Context

This dataset includes the median list price divided by the square footage of a 1-bedroom home for a select number of neighborhoods around the United States.

Content

When available, data includes median price per square foot on a monthly basis between January 2010 and September 2016.

Selected neighborhoods include:

• Upper East Side, New York, NY
• Spring Valley, Las Vegas, NV
• Hollywood, Los Angeles, CA
• Williamsburg, New York, NY
• Harlem, New York, NY
• Enterprise, Las Vegas,NV
• Downtown, San Jose, CA
• Sheepshead Bay, New York, NY
• Forest Hills, New York, NY
• Jackson Heights, New York, NY
• Gramercy, New York, NY
• Flagami, Miami, FL
• Downtown, Memphis, TN
• Chelsea, New York, NY
• Oak Lawn, Dallas, TX
• Greater Uptown, Houston, TX
• South Loop, Chicago, IL
• Makiki-Lower Punchbowl-Tantalus, Honolulu, HI
• Downtown, Los Angeles, CA
• Capitol Hill, Seattle, WA
• Clinton, New York, NY
• Alexandria West, Alexandria, VA
• Financial District, New York, NY
• Flatiron District, New York, NY
• Landmark-Van Dom, Alexandria, VA
• Flamingo Lummus, Miami Beach, FL
• Winchester, Las Vegas, NV
• Brickell, Miami, FL
• Waikiki, Honolulu, HI
• Back Bay, Boston, MA
• Sutton Place, New York, NY
• and several others

Inspiration

• What neighborhoods have the most expensive real estate per square foot? Least expensive?
• Which neighborhoods and/or cities have the fastest growth rates in price?
• Are there any neighborhoods that remain relatively steady in price?
• Given that this metric is listing price per square foot, is there a similar dataset that could help you compare median square footage in a 1-bedroom home across neighborhoods?

Acknowledgement

This dataset is part of Zillow Data, and the original source can be found here, under the Neighborhoods link.

If you think the dataset is useful please vote for it, it's an assignment from my data science class, I'll be appreciate! :))

Context

The Department of Finance (DOF) is required by NY State law to value condominiums or cooperatives as if they were residential rental apartment buildings. DOF uses income information from rental properties similar in physical features and location to the condominiums or cooperatives. DOF applies this income data to the condominium or cooperative to determine its value in the same way DOF values rental apartment buildings. This report includes information at a condominium suffix level which represents a subdivision of the condominium since DOF values condominiums at a suffix level. A condominium may have more than one suffix.

Content

This data set contains the reports from 2012-2018. Boro-Block-Lot
The Borough-Block-Lot location of the subject condominium. The lot identifies the condominium billing lot generally associated with the condominium management organization. Address The Street Address of the property Neighborhood
Department of Finance determines the neighborhood name in the course of valuing properties. The common name of the neighborhood is generally the same as the name Finance designates. However, there may be slight differences in neighborhood boundary lines. Building Classification The Building Class code is used to describe a property’s use. This report includes the two character code as well as the description of the building class. Total Units Total number of units in the building Year Built
The year the building was built Gross SqFt
Gross square footage of the building Estimated Gross Income
Estimated Income per SquareFoot * Gross SquareFoot Estimated Expense Estimated Expense per SquareFoot * Gross SquareFoot Net Operating Income Estimated Gross Income-Estimated Expense Full Market Value Current year’s total market value of the land and building Report Year

Acknowledgements

Agency: Department of Finance (DOF) Source: NYC open data

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.

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 158.63 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.

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.

New York City - Median Listing Price per Square Feet: 9 years of historical data from 2016 to 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.

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.

New York had one of the highest construction costs for prime offices in the United States, at over 660 U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also has some of the tallest skyscrapers in the United States. What element affect construction costs? Location and topography have a big impact on construction costs, for example, earthquake-prone zones have more stringent building requirements which will affect cost of materials, supplies, and labor. Increased interest in sustainability has also prompted sustainable certification across the country, most noticeably as LEED-registered offices. Slow growth of the office construction segmentThe value of new private office construction in the U.S. has kept rising in the past years, but at a slower rate than before 2019. The changes in the way people work, with part of the workforce working from home at least part of their week might have hindered investment in office real estate.

After peaking in 2023, the average rent for industrial real estate for warehouse distribution use in New York City Metro declined. In the first quarter of 2024, the average rent was ***** U.S. dollars per square foot. Despite the decrease, this was notably higher than 2017, when it amounted to **** U.S. dollars. New York City Metro is one of the leading markets in the U.S. in terms of industrial and logistic state inventory.