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 ***** 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 Aug 2025 about square feet, NJ, New York, 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 Aug 2025 about square feet, NY, listing, median, price, and USA.

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 *********************.

In 2024, the average square footage price of condos and new development condos in Brooklyn, NY declined slightly. Prices of one-to-three family homes, on the other hand, increased from *** U.S. dollars per square foot in the third quarter of 2023 to *** U.S. dollars in the third quarter of 2024.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in New York County, NY (MEDLISPRIPERSQUFEEYY36061) from Jul 2017 to Aug 2025 about New York County, NY; square feet; New York; NY; listing; median; price; and USA.

New York City - Median Listing Price per Square Feet - Historical chart and current data through 2025.

The average asking rent for Class A office space in Midtown Manhattan was ***** U.S. dollars per square foot in the second quarter of 2025. 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 2025. Meanwhile, Midtown South is home to Madison Square Garden, Pennsylvania Station, Hudson Yards, and Koreatown. In 2025, 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 Queens County, NY (MEDLISPRIPERSQUFEE36081) from Jul 2016 to Aug 2025 about Queens County, NY; square feet; New York; NY; listing; median; price; and USA.

Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in New York-Newark-Jersey City, NY-NJ-PA (CBSA) was -4.36% in July of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in New York-Newark-Jersey City, NY-NJ-PA (CBSA) reached a record high of 32.90 in February of 2021 and a record low of -5.28 in May of 2025. 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 New York-Newark-Jersey City, NY-NJ-PA (CBSA) - last updated from the United States Federal Reserve on September of 2025.

Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) was 500.00000 U.S. $ in August of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) reached a record high of 563.00000 in May of 2024 and a record low of 244.00000 in August of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in New York-Newark-Jersey City, NY-NJ-PA (CBSA) - last updated from the United States Federal Reserve on September of 2025.

Housing Inventory: Median Listing Price per Square Feet in New York County, NY was 1481.00000 U.S. $ in August of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in New York County, NY reached a record high of 1798.00000 in January of 2017 and a record low of 1449.00000 in December 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 in New York County, NY - last updated from the United States Federal Reserve on September of 2025.

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.

Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York County, NY was 0.25% in August of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in New York County, NY reached a record high of 2.74 in January of 2022 and a record low of -3.49 in June of 2022. 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 New York County, NY - last updated from the United States Federal Reserve on September of 2025.

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

As of the second quarter 2025, New York had *** of the highest construction costs for prime offices in the United States, at over *** U.S. dollars per square foot on average. In addition to the 541-meter One World Trade Center building, New York City also had 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.

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.

Housing Inventory: Median Listing Price per Square Feet in New York was 407.00000 U.S. $ in July of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Median Listing Price per Square Feet in New York reached a record high of 443.00000 in April of 2025 and a record low of 152.00000 in August of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Median Listing Price per Square Feet in New York - last updated from the United States Federal Reserve on September of 2025.

The amount of office space in Midtown Manhattan amounted to ****** million square feet in the second quarter of 2025. 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.

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.