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2022

NYC Real Estate Development Overview / 2022

Our 2022 year-end development report for New York City showed 259 development site sales, which is a 10% decrease compared to last year but a 13% increase from 2020. The total dollar volume of these sales was $2.7 billion, representing a 3% decrease from 2021 but a 2% increase from 2020. The sales accounted for 15.7 million total buildable square feet, a 7% decrease from 2021 but a 5% increase from 2020. The average price per zoning floor area (PPZFA) was $208/zfa, which is a 12% decrease from 2021. Broken down by Borough: Brooklyn had the highest number of sales with 117 transactions and the highest dollar volume with a total of $1.148 billion. Brooklyn also had an average PPZFA of $251/zfa and 5.825 million buildable square feet. Manhattan had 17 sales valued at $376 million, with an average PPZFA of $320/zfa and 1.7 million buildable square feet. Northern Manhattan saw 8 sales valued at $76 million and an average PPZFA of $170/zfa, with 712k buildable square feet. The Bronx had 47 transactions valued at $242 million, with an average PPZFA of $86/zfa and 2.6 million buildable square feet. Queens had 70 sales valued at $851 million, with an average PPZFA of $211/zfa and 4.78 million buildable square feet.

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Development Reports

NYC Real Estate Development Overview / H1 2022

Development Site Advisors® is pleased to present a H1 2022 NYC Real Estate Development Overview. By meticulously researching through ACRIS and DOB job filings, we have compiled sales and development data from January through June 2022. Total Dollar Volume, Average Sales Price, Total Buildable SF and Average Price per Zoning Floor Area unsurprisingly all increased from H1 2021 to H1 2022. Brooklyn led the boroughs in Number of Sales, Total Dollar Volume, and Total Buildable SF. Sales in Manhattan saw 300% increase approximately on Dollar Volume and Total Traded Buildable SF.

NYC Real Estate Development Overview / Year End 2021

Development Site Advisors® is pleased to present a 2021 NYC Real Estate Development Overview. By meticulously researching through ACRIS and DOB job filings, we have compiled sales and development data from January through December 2021. Number of Sales, Total Dollar Volume, and Total Buildable SF unsurprisingly all increased from 2020 to 2021. Brooklyn led the boroughs in all of Number of Sales, Total Dollar Volume, and Total Buildable SF. Sales in Manhattan saw the highest Average Price per Zoning Floor Area.

NYC Real Estate Development Overview / Q1 2021

Development Site Advisors® is pleased to present a Q1 2021 NYC Real Estate Development Overview. By meticulously researching through ACRIS and DOB job filings, we have compiled sales and development data from Q1 2018 through Q1 2021. Number of Sales, Total Dollar Volume, and Total Buildable SF all decreased in Q1 2021 in comparison to Q1 2020. Brooklyn led the boroughs in all of Number of Sales, Total Dollar Volume, and Total Buildable SF. Sales in Manhattan saw the highest Average Price per Zoning Floor Area, despite a $100 drop from the previous year.

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Whitepapers
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