Manhattan’s Supply of New Condos Expected to Deepen in Q4: Report
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 62nd New York story tracked on the wire in October 2026. All New York coverage →
Computed from Real Estate Trail’s own tracked coverage
Manhattan’s third-quarter real supply of condo development units — a mix of listed and shadow [properties not listed on the open marker] new development inventory — was 28 percent below its 10-year average, according…
External link. Real Estate Trail does not republish source content.
Related coverage — New York
Ariel Property Advisors Negotiates $45M Sale of Upper Manhattan Affordable Housing Portfolio
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $45 million sale of Hudson View II and III, a four-building affordable housing portfolio in Upper Manhattan. The building are loc…
Marcus & Millichap Brokers $5.3M Sale of Shopping Center in Waterloo, New York
WATERLOO, N.Y. — Marcus & Millichap has brokered the $5.3 million sale of Tops Plaza at Seneca Falls, a 122,799-square-foot shopping center in Waterloo, about 40 miles west of Syracuse. Built on 34 acres in 1960, the…
Department of War Signs 23,600 SF Office Lease in Carle Place, New York
CARLE PLACE, N.Y. — The U.S. Department of War has signed a 10-year, 23,600-square-foot office lease in Carle Place, located on Long Island. The space is located within the 320,000-square-foot, newly repositioned buil…
Ernesta Opens Mill Valley Showroom, Bringing Custom-Size Rugs to Marin County
The brand's latest retail space marks its first Northern California location, bringing brick-and-mortar presence to the Bay Area NEW YORK, Oct. 7, 2026 /PRNewswire/ -- Ernesta, the leading retailer of custom-sized rug…
Tishman Speyer & The Cooper Union Finalize Ground Lease Agreement and Revitalization Plan for Chrysler Building
Tishman Speyer, joined by PSP Investments and Other Institutional Partners, to Restore and Transform New York City's Most Beloved Architectural Icon into a World-Class Boutique Office Environment NEW YORK, Oct. 7, 202…
Health Care Investment Firm Lorient Inks 6K-SF lease at Durst’s 825 Third Avenue
Lorient , an investment firm focused on health care, will open its first New York City office at the Durst Organization ‘s 825 Third Avenue in Midtown East, Commercial Observer has learned. The Miami-based inves…