A Note from Justin.
The short read that opens every Friday’s Shortlist: what moved in the New York market this week, and what it means if you are buying or selling.
The short read that opens every Friday’s Shortlist: what moved in the New York market this week, and what it means if you are buying or selling.
For the first time, CBRE’s 2026 tech talent report puts New York at 394,300 tech jobs against 375,730 in the Bay Area.
Read the noteOn September 16 the Federal Reserve lifted its benchmark rate by a quarter point, a unanimous vote, and penciled in one more increase before year end.
Read the noteOn Monday, Corcoran CEO Pamela Liebman told her agents to take all of their listings off StreetEasy and offered a $1,000 advertising budget for every home pulled, according to a recording reported by The Real Deal.
Read the noteI have been saying all summer that smart buyers were not sitting out, they were preparing to jump the moment the right property popped up. That moment is here.
Read the noteI found myself in multiple bidding wars for both buyers and sellers over the past few weeks. Competition like that is starting to erode the buyer’s market advantage.
Read the noteCorcoran Sunshine’s new Pipeline report projects that new condo launches will fall 11% through 2029. The mix is just as striking as the total: entry-level supply priced under $1,800 a square foot is set to plunge 74%.
Read the noteIn co-ops and condos, buyers are in the driver’s seat. I am routinely negotiating significant discounts off asking prices for my clients, and sellers know that a serious, well-represented buyer is something to hold onto.
Read the noteManhattan’s average rent hit $6,655 a month in July, an all-time high and up 10% in the past year, with two-bedrooms now averaging over $8,000. Brooklyn’s median jumped 17% to $4,500, also a record.
Read the noteThe renovated one bedroom at London Terrace Tower is officially live at $995K, and we are opening the doors this Sunday from 12 to 2.
Read the noteI’m excited to be bringing two exclusives to market over the next few weeks. The first is a beautifully renovated one bedroom at London Terrace in Chelsea, with an open concept kitchen and bright south-facing views across the London Terrace towers and the landscaped gardens below.
Read the noteThe pipeline numbers are hard to ignore. New development inventory is down 62% over the past year, and buyers signed just 12 contracts for sponsor units asking $4M and up in the last four weeks, not for lack of demand but for lack of product.
Read the noteManhattan’s median rent hit $5,295 in June and Brooklyn’s touched $4,350, both all-time highs. Some pockets are wilder: South Williamsburg rents are up more than 40% year over year.
Read the noteA short read on the New York market and ten hand-picked listings, chosen from 15,000+ for uniqueness, value and vibe. Free.
No spam. Unsubscribe anytime.
Welcome. Your first edition arrives Friday.
Subscription failed. Please email justin.belmont@elliman.com to be added directly.