Q2 2025 Construction Pipeline Report

The Real Estate Board of New York (REBNY) analyzed the new building job application filings submitted to the NYC Department of Buildings in Q2 2025. This report provides historical comparisons and insights into the current state of development in New York City.

In Q2 2025 there were 424 new building filings, reflecting a 28% increase from Q1 2025 when there were 332 filings and a 43% increase year-over-year.

The number of filings in Q2 2025 is 25% below the historical average since 2008.