- In the past 14 months, August anchored 2025’s peak late-summer surge with $2.5B in sales. That momentum has continued into the new year as dollar volume in January & February also totaled $2.5B, with $1.9B transacting in January alone, a 35% increase when compared to January 2025.
- Despite the increased dollar volume, there’s been a 15% drop in transaction count (61 in January & February 2025 vs. 52 in January & February 2026), indicating fewer but significantly larger deals are driving the strong start to the new year.
- Development sales saw the largest increase in dollar volume this year with $852M trading – a 78% increase from the same period last year. The staggering increase in development sales over the past 14 months represents buyers’ strong confidence in development sites across Manhattan and reflects a forward-looking investment strategy as developers seek to secure land today in anticipation of future supply constraints and strengthening demand.
