Q2 2022 New Building Construction Pipeline Report

The Real Estate Board of New York (REBNY) has examined the new building job application filings submitted to the NYC Department of Buildings for the second quarter of 2022. This report dissects that information and draws historical comparisons to provide an understanding of the current state of development in New York City.

With 422 new building filings in Q2 2022, the volume of filings reflects a 39% decrease compared to the previous quarter but a 19% increase year-over-year.