In the first quarter of 2026, activity in New York City’s new development market followed the trajectory of the rest of the economy: big spending from wealthy buyers and fits and starts from the rest of the market.  Contracts signed for new condos in Manhattan asking $10 million or more made up 55 percent of the total contract volume for the quarter, according to research from Brown Harris Stevens Development Marketing. The 56 contracts signed in the quarter for those homes were also the highest for any period this decade, and up 87 percent from the first quarter of 2025.  […]

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