New York City Real Estate values rise ~6% with rental apartments leading the charge. The office sector’s total market value increased by 2.7% while rental apartment market values raised to 9.9%, highlighting greater demand for residential properties. NYC’s latest initiatives aim to convert underutilized office spaces, Office to Rental Conversions (OTRC), into nearly 19,000 residential units over the next eight (8) years.
To download this report: Kaden Q1 2025 Market Update Report
