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Market Insight

Whether you're buying a luxury condo or an entry-level co-op, bidding wars have become common for approachably-priced units in sought-after locations. While elevated interest rates have priced out some buyers, in some markets they’ve only made bidding wars less intense—not eliminated them altoget...
Former New York governor and current New York City mayoral candidate Andrew Cuomo’s voter records indicate that in September, he registered his home address at The Oriana, a luxury rental building in Sutton Place. According to his spokesperson, he has lived there for nearly a year—just across the...
One week into March 2025, the month has already been full of news from the architecture world. Some of it was sad: Architecture firm Diller Scofidio + Renfro announced that Ricardo Scofidio, a founding partner, had died at the age of 89. Mr. Scofidio and his wife and architecture partner, Liz Dil...
 
New York City's residential apartment market is always evolving, with some neighborhoods maintaining their dominance while others experience notable shifts. In the condo market, Downtown neighborhoods remain among the most expensive, despite a slight decline in price per square foot year-over-yea...
New York City apartments come in all shapes and sizes, and some are more functional and desirable than others. Whether you’re renting or buying, understanding the vocabulary used to classify different common apartment layouts is essential. This guide describes the most common apartments layouts i...
Nearly 65 million tourists visited NYC in 2024, marking the second-highest total in the city’s history. With early data suggesting 2025 could surpass all previous records, the economic impact of tourism remains staggering: a $79 billion industry supporting 388,000 jobs—roughly 9% of the city’s wo...
With New York high-rises, it is not uncommon for buildings to be marketed with a larger number of floors than those that actually took shape. This is accomplished through such methods as counting below-grade floors in the total, skipping floor numbers (e.g. 13) for marketing purposes, or listing ...
February 2025 ended on a sad note with a slew of celebrity deaths, many of whom were connected to New York City. Days after the death of Grammy Award-winning singer Roberta Flack, who famously owned an apartment at The Dakota, fans gathered outside 1 Columbus Place to pay their respects to Michel...
New York City's residential apartment market is always evolving, with some neighborhoods maintaining their dominance while others experience notable shifts. In the condo market, Downtown neighborhoods remain among the most expensive, despite a slight decline in price per square foot year-over-yea...
When browsing New York real estate listings, you may come across the phrase “estate sale” attached to a home with an unusually low asking price. While buyers from other parts of the country might associate this term with a high-end garage sale, in New York, it means the property is being sold by ...
The Lower East Side, long celebrated for its rich cultural tapestry and historical role as a haven for immigrant communities in the late 19th and early 20th centuries, remains a dynamic hub for creative expression. Its bohemian spirit endures, bolstered by an array of galleries, performance space...
After a mid-February slowdown, Manhattan's residential market rebounded with a strong uptick from February 24 - March 2, 2025. The number of contracts signed was the busiest week since June 2024, and allowed February 2025 to end with over 800 deals reported. While cold weather and political unce...

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