Manhattan Residential Real Estate Sales Hit a Record $7.3 Billion in the First Quarter
Manhattan residential real estate sales reached a record of $7 billion in just the first quarter alone and shows no signs of slowing. It is thought that this record is due most of Manhattan workers working from home as only about 36% have returned to the office, according to data from Kastle Systems.
According to CNBC “You have a lot of people who are working remote, but want to be in Manhattan,” Jonathan Miller, CEO of Miller Samuel said. “They’re attracted to the cultural offerings, the restaurants, Broadway. Remote work doesn’t just mean the suburbs. There could be as many people working remotely on the Upper East Side of Manhattan as there are in Westchester.”
