Skip to content
Pursuits
Real Estate

Apartments in Manhattan’s Financial District Are Languishing

  • Banks moves, fewer foreign buyers dim neighborhood’s prospects
  • Financial District apartments spending most days on market
Video player cover image
Wall Street-Area Apartments Linger Amid Market Glut
Updated on

Apartments in Manhattan’s Financial District aren’t exactly trading like blue chips on the nearby New York Stock Exchange.

Whether in converted Art Deco office buildings or new glass towers, units are spending more time on the market and often selling below asking prices. After a spurt of construction aimed at foreign buyers, whose numbers are dwindling, and finance workers, who have seen many of their jobs move uptown, the area is plagued by oversupply.