October NYC Real Estate Market Update: Office Market & UES revival

0 views
Skip to first unread message

Jasmine Ji | 冀雪梅

unread,
Oct 23, 2025, 8:00:06 AMOct 23
to science-d...@googlegroups.com
October NYC Real Estate Market Update: Office Market & UES revival  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Manhattan is undergoing a profound spatial transformation. The Upper West Side is seeing accelerated price growth due to a cliff-like drop in new development (a 94% supply reduction over the next three years), while the Upper East Side is emerging as a new hub for younger generations and creative professionals, thanks to its unique neighborhood charm and relatively accessible rents. At the same time, the New York office market is staging a robust comeback with vitality not seen in nearly two decades, driven by the financial services sector and the nation's highest return-to-office rates.


曼哈顿正在经历一场深刻的空间重构。上西区因新开发项目断崖式下跌(未来三年供应量骤减94%)推动房价加速攀升,而上东区则凭借独特的社区魅力与相对合理的租金,正成为年轻世代与创意专业人士的新据点。与此同时,纽约办公楼市场在金融服务业和全美最高返工率的推动下,正以近二十年来未见的活力强势回归。


-From Jasmine


Click Here To Contact Me>>

Real Estate in the News

房地产新闻

NYC Office Market Hits Record Highs

纽约办公楼市场强势回归,租金创新高

Manhattan's office leasing hits a 19-year high, fueled by the nation's strongest return-to-office rates and expanding financial sector. This resurgence is driving both new luxury developments and widespread office-to-residential conversions, while older buildings face persistent vacancies.


曼哈顿办公楼租赁量达19年来最高点,由全美最高返工率及金融业扩张推动。市场复苏既带动全新豪华开发项目,也引发办公转住宅改造热潮,而老旧建筑空置率依然高企。

Upper West Side Faces 94% Plunge in New Condos

上西区新房供应暴跌94%

The Upper West Side will see only 51 new condo units in the next three years, a 94% drop from 2016-2019 levels, as high costs and strict zoning stifle development. With demand surging for move in ready homes, median prices have jumped 8% and sales speed hit a borough record, pushing the neighborhood further into luxury territory.


上西区未来三年仅将推出51套新公寓,较2016至2019年暴跌94%,高成本与严格区划严重限制开发。随着买家对拎包入住房源需求激增,中位房价上涨8%,成交速度创曼哈顿纪录,推动该社区彻底迈向豪宅化。

Upper East Side Emerges as New Cultural Hub

上东区成为纽约新文化热点

Once considered New York's most traditional neighborhood, the Upper East Side is now attracting trendy restaurants and luxury brands while maintaining its strong community vibe. Young residents and creators are rediscovering its charm, blending historic elegance with a fresh cultural energy that rivals downtown appeal.


曾被视为保守老旧的上东区正迎来年轻化转型,新兴餐厅、设计师店铺与俱乐部持续涌入,形成独特社区氛围。居民与从业者指出,这里兼具邻里温情与都市活力,吸引着厌倦市中心浮华风潮的年轻世代。

Local Happenings

本地活动

October 31, 2025

Village Halloween Parade

The Village Halloween Parade brings New York City to life through creativity and participation, turning public spaces into vibrant arenas of art, play, and community. Its sensory spectacle leaves a lasting impact, fostering connection, continuity, and the city’s imaginative spirit.


Click HERE to learn more!

September 25 - October 31, 2025

Harvest Glow -

The Bronx Zoo

Experience Harvest Glow at the Bronx Zoo this fall—a reimagined, family-friendly nighttime Halloween event featuring an animal-themed illuminated Jack O’Lantern Trail, nighttime Dinosaur Safari, live pumpkin carving, and Wildlife Theater.


Click HERE to learn more!

10 Best Locations to see Halloween Decorations

  • E 82nd St between 3rd & Lex Ave

  • Gramercy Park between 20th & 21st St

  • E 70th St between Lex & Park Ave

  • Pier 17, 89 South St

  • E 80th St between Lex & Park Ave

  • E 78th St between 2nd & 3rd Ave

  • E 78th St between Lex & Park Ave

  • E 93rd St between Madison & Park Ave

  • E 76th St between Madison & Fifth Ave

  • E 76th St between 2nd & 3rd Ave

  • 390 Bleecker St LOVESHACKGANCY

  • West 11th St between Waverly & 7th Ave

  • Perry St between West 4th & 7th Ave

Featured Listings

(精选房源)

Midtown South

400 5th Avenue, 33B

1 BD 1.5 BA 806 SF $1,290,000

Luxurious Condo with Iconic Midtown Views

View Listing>>

Upper West Side

50 West 66th Street, 17A

3 BD 3.5 BA 2097 SF $25,000/Month

Live in Luxury at the Upper West Side’s Premier New Development

View Listing>>

If you know anyone who would like to recieve this newsletter, please use the following form to let us know:

Jasmine Ji | 冀雪梅


Lic. Assoc. R.E. Broker

Mobile: 917.808.5286

Email: jas...@compass.com

WeChat: JasmineNYC

Office: 646-982-0353
Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
marketingcenter--
© 2025 Compass. 110 5th Avenue, New York, NY 10011. All rights reserved. This email is a promotional message. This email was sent to science-d...@googlegroups.com. To unsubscribe, click here.
Reply all
Reply to author
Forward
0 new messages