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Nancy Packes’ Predictions for the NYC New Dev Market in 2013

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In 2013 and 2014, there will be approximately 1,000 new development units coming into the Manhattan market compared to 8,000 units in 2006 and 2007, according to nyc new dev guru Nancy Packes.

Watch this video for an in-depth discussion of 2012 new dev trends and predictions for the new dev market in 2013. StreetEasy’s VP of Research, Sofia Song and Nancy Packes review findings from our Q4 Market Report such as increases in condo and co-op resales and decreases in new development closings. Nancy offers her insight on the implications of these findings , who’s buying what now and the scope and and locations of upcoming new dev projects.


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