Research

New deliveries are largely concentrated in the emerging submarkets, according to JLL.

However, in the nation's most populated counties the opposite is true, says Daren Blomquist with ATTOM Data Solutions.

The market failed to accumulate one million square feet of annual net absorption for the first time in five years, and it was the second consecutive year with negative net absorption in the final quarter.

The median sale price of a residential unit in Manhattan in the fourth quarter of 2017 was $1.06 million, which marked the third consecutive quarter where the median sale price increased as compared to the same period a year earlier. However, the fourth quarter median price was 9.4% lower as compared to the third quarter 2017 median price of $1.17 million.

Strong demographic trends, diverse economic base and healthy job creation will remain attractive to investors and encourage investment activity amid low transaction volume of newer multifamily assets in Houston last year.

A deep dive into the statistics shows that food/coffee establishments are continuing to post strong growth, while retailers facing competition from on-line outlets have considerably contracted their respective footprints in the New York metro region.