New York City Real Estate News
New York City
Manhattan Retail Leasing Upticks in Q3 as Tourism Improves
According to the CBRE Q3 retail market report, Manhattan's retail market showed signs of improvement in the third quarter of 2021 as vaccine mandates and an increase in tourism sparked optimism in the market. Leasing velocity in Manhattan increased, rising for the first time since 2019 and reversing eight consecutive quarters of decline.
Manhattan Has Best Office Leasing Quarter Since COVID Began in Early 2020
According to CBRE's Q3 2021 Manhattan market report, Manhattan office leasing activity surged compared with the second quarter of 2021, as the market registered its strongest performance since the onset of the pandemic.
Mortgage Applications in U.S. Increase in Early October
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 8, 2021, U.S. mortgage applications increased 0.2 percent from one week earlier.
Sublease Office Space in the U.S. Dips in August
Global commercial property consultant CBRE is reporting this week that office space offered for sublease in the top 53 U.S. markets registered its first monthly decline since the onset of the pandemic.
New York City Property News
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