Average Price per Square Foot in NYC Over Time

This line chart illustrates the average price per square foot across New York City's boroughs from 2018 to 2023. Each line represents one borough, showing variations in pricing trends over quarters. Manhattan (red line) consistently exhibits the highest price per square foot, reflecting its position as the city's premium real estate market. By contrast, boroughs such as Staten Island (green line) display relatively stable and lower price trends, indicative of their more affordable housing options. Notable fluctuations, such as spikes in Manhattan and Queens (light teal line), may signify shifts in market demand, economic conditions, or property development patterns.