A new record for Manhattan office condos, Q2’s construction boom and more of the biggest trends in CRE right now

NYC construction surpasses pre-recession levels Over 9 million square feet of new construction was completed in New York City in 2018’s second quarter, with 477 projects receiving a temporary certificate of occupation, according to an analysis by The Real Deal. The new construction was primary residential, with 8,200 new condo and rental apartments across 7.8 million square feet — a new record for the city that surpasses even pre-recession levels. While residential construction in Brooklyn […]

Source: Real Estate

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