At Duke Properties, we’ve always believed that New York City real estate is resilient by nature and dynamic by design. The numbers coming out of 2024 only reinforce that belief. After a few years of economic uncertainty and strategic hesitation, the NYC commercial real estate market roared back to life—recording a remarkable 26% year-over-year increase …
NYC Commercial Real Estate Finds Renewed Momentum in 2024 Read More »
The spring rental market of 2025 has brought encouraging signs for both renters and housing professionals across the United States. According to the latest Realtor.com Rental Report, the national median rent fell for the 21st straight month, a trend that reflects the market’s return to balance after years of pandemic-era disruption. At Duke Properties, we …
Spring 2025: A Rental Market Defined by Pressure and Demand New York City’s rental market continues to break records as we enter the spring season of 2025, with Manhattan and Brooklyn both reaching new rent highs. According to the latest Elliman Report, net effective median rent in Manhattan hit $4,471 in March, holding steady from …
NYC’s Rental Market Reaches New Highs—But Signals of Change Emerge Read More »
Recovery Is Real—but It’s Selective The first quarter of 2025 has brought welcome news for New York City real estate. While national headlines focus on volatility, Manhattan and Brooklyn have quietly staged a resilient comeback, especially at the top end of the market. According to Coldwell Banker Warburg’s latest report, contract activity for properties priced …
Signs of Strength: NYC’s Real Estate Market Balances Recovery with Realism Read More »
A Surprising Market Leader Emerges In today’s real estate landscape, most would expect places like San Francisco or Boston to top the charts for competitive housing. But this spring, it’s Rochester, New York—a modest city of 200,000 along Lake Ontario—that holds the title of America’s toughest housing market. At Duke Properties, we’ve long tracked emerging …
Investor Sentiment Surges Back Into NYC For the first time in years, we’re seeing something remarkable in New York City’s commercial real estate (CRE) landscape: a full-throttle return of investor confidence. According to insights shared at Bisnow’s recent Future of the Market: CEO and Top Executives Summit, demand for quality office assets in NYC has …
The Return to Confidence: NYC Commercial Real Estate Draws Global Capital Back Read More »
Signs of Fatigue in Manhattan’s Highest Tier For more than a decade, Manhattan’s trophy home market—defined by properties priced at $10 million and above—has been viewed as one of the most resilient sectors in U.S. real estate. These ultra-luxury homes often trade hands quietly, in all-cash deals, and largely independent of interest rate shifts. But …
A Historic Surge in Brooklyn’s Housing Market Brooklyn’s real estate market continues to outperform expectations, as the borough’s median sale price surged to a record-breaking $995,000 in the first quarter of 2025, according to Douglas Elliman’s latest market report. This marks a 4.7 percent increase year-over-year, with the average home price climbing even higher to …
Brooklyn Home Prices Hit Record Highs Again — A Sign of Enduring Demand Read More »
At Duke Properties, we spend a lot of time studying both the obvious trends and the quiet undercurrents of America’s housing markets. And every so often, a place rises into national focus not because it’s flashy, but because it offers something deeper: balance, beauty, and a lifestyle buyers are increasingly chasing. This year, that place …
From Hidden Gem to Housing Star: Fairport’s Real Estate Rise Makes National Waves Read More »
According to a new report highlighted by CNBC, Manhattan’s luxury real estate market—specifically homes priced above $20 million—just experienced its best first quarter in six years. The numbers speak for themselves: 2,560 closed sales in Q1 2025, a nearly 29% increase over the same period in 2024. The total value of apartment sales reached a …
Q1 2025 Marks Best Start for Manhattan Luxury Since 2019 Read More »