1. Co-Ops Make a Strategic Comeback
As affordability continues to shape buyer behavior, the resurgence of co-ops marks a return to practical, value-based housing decisions. Traditionally overshadowed by condos, co-ops are now receiving renewed attention thanks to their lower price point—on average, 26% less than comparable condos.
“This shift toward co-ops reflects a smarter, more strategic buyer,” says Albert Dweck. “People are re-evaluating what really matters—location, quality of life, and long-term affordability.”
With fewer new co-op listings and growing interest, buyers who were previously priced out of the condo market may now find compelling opportunities in these overlooked gems.
2. Buyers Refocus on NYC Over Suburbs
While the pandemic nudged many toward suburban life, 2025 is poised to draw attention back to the city. NYC’s listings are up 16.8%, offering more variety and longer decision windows, while suburban markets grow more competitive.
“New York is still New York,” Dweck emphasizes. “As urban inventory grows and suburban supply tightens, city living offers both diversity and opportunity—especially for those ready to buy with clarity.”
With properties lingering longer on the market in the five boroughs, savvy buyers now have time to evaluate, negotiate, and choose wisely.
3. Luxury Market on the Rise Again
After a quiet period of cautious spending, NYC’s luxury sector is set to rebound in 2025. With entry points into the luxury market down 6.1% from peak levels, and anticipated rate easing and rising bonuses, confidence is returning to high-end real estate.
“The luxury market is an important indicator of broader economic health,” Dweck notes. “Its resurgence fuels momentum across the market—supporting everything from development to design innovation.”
As financial markets stabilize and affluent buyers re-enter the space, a more balanced, competitive luxury sector could positively influence the entire ecosystem of NYC real estate.
4. Rental Heat Expands Beyond Manhattan
Brooklyn, Queens, Jersey City, and Hoboken are no longer just alternatives—they’re becoming primary rental destinations. With extensive new development and a focus on amenities, these neighborhoods are increasingly attractive for renters seeking space, comfort, and value.
“We’ve long believed in the future of outer-borough and across-the-river living,” says Dweck. “People are discovering they can find quality without sacrificing access or lifestyle.”
As new construction delivers more units, and as price-conscious renters shift their focus, these regions will help alleviate rental pressure citywide—supporting a healthier, more inclusive market.
5. Comfort Becomes a Priority at Home
Today’s buyers and renters are asking more from their homes. With searches for outdoor space up 116.6%, and growing interest in in-building amenities like gyms and pools, people want more than a roof—they want a lifestyle.
“People want a sanctuary that reflects their evolving needs—especially with hybrid work and environmental concerns,” Dweck says. “Thoughtful design and comfort are no longer luxuries—they’re essentials.”
At Duke Properties, our commitment to livable design means prioritizing light, air, outdoor space, and wellness amenities. Homes should support the way people truly live—not just where they sleep.
Housing Evolution: Final Word from Albert Dweck
“The NYC market is always moving, always adapting. In 2025, that movement is guided by a shared demand for affordability, comfort, and long-term value. At Duke Properties, we’re not just following the trends—we’re helping to shape them. And we remain committed to delivering smart, sustainable, and responsive housing for the people who make this city great.”