October 10, 2019
Here are some stats on the average office building in Manhattan.
• Average age: 68 years old.
• Approximately 46% were built prior to World War II (aka “pre-war”)
• 30% were built after World War II but before 1980 (aka “post-war”)
• 14% of the inventory was built between 1980-1999 (aka “post-1980”)
• One in 10 office buildings in Manhattan were built after 2000 (aka “post-2000”).
August 4, 2023
400 new affordable apartments were announced for the Financial District this past week. Roughly a third of the new buildings at 5 World Trade Center, will be set aside for middle- and working-class New Yorkers, with 80 of those apartments earmarked for people who lived and worked near the old World Trade Center as well… Read more »
May 22, 2023
“The mortgage refinancing boom is over, but its impact will be seen for decades to come”. Fed data shows that about 14 million mortgages were refinanced during the pandemic period starting in March 2020. Some 64% were considered “rate refinances,” or homeowners looking to take advantage of lower borrowing costs. Average savings totaled about $220… Read more »
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