Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Manhattan: A World Unto Itself

BusinessWeek’s headquarters are in this quaint little structure in midtown Manhattan. But just because I work here doesn’t mean I understand the stupefyingly strong local housing market. Manhattan seems to have looked at the national housing slump and said, “Nope. Not here. Not now.”

Here’s a link to a report on the co-op and condo market in the second quarter of 2007. Highlights of the changes from the same period a year earlier:

—The inventory of units for sale fell 31.5%.

—The number of sales rose 103%.

—The median sales price rose 1.7% to $895,000.

—The average price per square foot rose 5.2% to $1,139.

—The average sales price of a four-bedroom apartment rose 36% to $9.2 million.

(If you have a big family and you’re thinking of moving into Manhattan, start picking out which kids you plan to put up for adoption.)

blog comments powered by Disqus