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Apartments -
NYC Real Estate News
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Tuesday, 30 November 1999 00:00 |
Job growth boosts market for NYC real estate
by Julie Satow
The number of high-paying office jobs in the city skyrocketed in 2005, driving businesses to lease additional space to accommodate workers and tightening the commercial real estate market.
According to a third-quarter market report by Colliers ABR, private sector employment jumped by 46,800 jobs through the first nine months of this year, more than double the number of jobs gained in all of 2004.
The extra jobs pushed the Manhattan vacancy rate down to 9.9%, the first time it has dropped below 10% in more than four years. Sublease space has also shrunk to 11.1 million square feet, the lowest level in over three years. Asking rents rose to $41.92 a square foot in September, up from $38.86 a year ago.
The trend is likely to continue, the report said.
"Beyond the end of 2005, look for the local New York City economy to expand at a modest but steady pace," said Robert Sammons, the head of research at Colliers ABR and the author of the report. He expects the gross metro-area product to increase by 2.5% to 3% in 2006 and employment to increase by 1% to 1.5%.
"Barring any national catastrophes, the area's outlook-including commercial real estate-should continue to perform well over the next year," he said. |
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Apartments -
NYC Real Estate News
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Tuesday, 30 November 1999 00:00 |
NYC Housing Prices Still High
By Tom Faure
November 23, 2005
Even as some experts predict that New York's housing prices are dropping, the numbers reveal a different story.
Participants in the debate over the state of the housing bubble in Manhattan have become vocal over the last year. While some believe that the cost of real estate in the city has already begun to decline, others suggest that in Manhattan, low prices are still the exception rather than the rule.
According to New York Magazine's Real Estate Guide, in 2005 there was an over-supply of apartments in Harlem, which could result in lower prices. A third of Manhattan's residential construction is slated for the area, according to the Guide.
Read Full Article |
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Apartments -
NYC Real Estate News
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Tuesday, 30 November 1999 00:00 |
The Daily Slope
Park Slope, Brooklyn
Good blog dedicated to what goes on in Park Slope. Find out about apartment rentals, neighborhood goings on and more. |
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Apartments -
NYC Real Estate News
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Tuesday, 30 November 1999 00:00 |
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BlogChelsea is a blog covering everything of interest in the Chelsea neighborhood of New York City. |
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Apartments -
NYC Real Estate News
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Tuesday, 30 November 1999 00:00 |
News and views from Prospect Heights Neighborhood, Brooklyn, New York, USA.
Categories include:
Accident
Accommodations
ACORN
Aguayo & Huebener
Alternate Side Parking/Street Cleaning
Apartments for Rent
Architecture
Arts/Theater/Dance
Barbershops/Hair Salons
Bars/Nightlife
Bedford Ave.
Bergen St.
Beyond the Heights
Books
Brooklyn Museum
Brooklyn Public Library
Car Service and Taxis
Carlton Ave.
Cartoons Comics and Animation
Categories
Chamber O' Commerce
Coffee Shops
Community Board #8
Computers/Technology
craigslist
Crime, Mischief, and Tomfoolery
Current Affairs
dailyheights
dailyheights forum
Deals
Dean St.
Eastern Parkway
Events
Events Calendar
Eyesores
Feats of Skill
Film
Fire
Flatbush Ave.
Food and Drink (incl. Restaurants)
Found
Freddy's Bar & Backroom
FREE KITTENS
FreshDirect
Fulton St.
G.A.P. Greenmarket
Games
Gardens
Grand Army Plaza
Grocery Aisle
Groups
Half Wine Bar Lounge
Health/Fitness
History
Home Heating Oil
Internet Access
Jobs
Kids and Parents
Kings Pharmacy
Kombit
Laundry
Lava Studio
learning movable type
Letitia James
Maps and Directions
Media
Music
Neighborhood Picks
News
NYC 2012 Olympic Bid
Pacific St.
Park Pl.
Park Slope
People vs Motor Vehicles
PHNDC
Photos
Playgrounds
Politics
PP/UA Block Association
ProHo Cuties
Prospect Heights Parents Association
Prospect Park
Prospect People
Prospect Pl.
Race Relations
Ratner and the Nets Stadium
Real Estate
Recent Home Sales
Recycling and Waste
Red Lipstick Boutique
Religion
Restaurant GEN
Sale/Swap/Free
Schools
Sewing/Knitting
Soda Bar Brooklyn
Sports
St. John's Pl.
St. Mark's Ave.
Sterling Pl.
Stoop Sale
Subway
Subway Restaurant
Television
Theater
Travel
Underhill Ave.
Vanderbilt Ave.
Video
Washington Ave.
Weather
Weblogs
Also offers XML feeds of course. |
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