REBNY: New Building Filings Up 201% Year-Over-Year

REBNY: New Building Filings Up 201% Year-Over-Year
News| March 6, 2026| Paul Bubny
New York & Tri-State + Apartment Buildings

The fourth quarter of 2025 saw significant increases in total proposed square footage and multifamily unit filings, the Real Estate Board of New York (REBNY) reported in its New Building Construction Pipeline Report for Q4 2025. The 511 total new building filings in Q4 2025 will add approximately 19.1 million square feet, nearly 5% above the historical average. The total proposed new square footage is 7% greater than Q3 2025 and up 201% from Q4 2024.  

Q4 2025 saw 202 filings for buildings with multiple dwelling units, REBNY reported. There were 13,982 multifamily units filed in Q4 2025, almost 200% above the historical average. The results surpass the 13,147 units per quarter needed to reach 500,000 new units by 2034 in order to keep up with population growth.  

“Q4 2025 saw significant overall and multifamily-specific proposed new construction—good news for New York City’s economy, jobseekers and residents feeling the pressures of a supply-driven housing crisis,” said Basha Gerhards, REBNY EVP of public policy. “We plan to continue to dig into these results to identify what underlying factors are influencing this surge in activity, if those factors are sustainable and can deliver housing at scale, and how best to maintain momentum.” 

Other News

Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants

New York & Tri-State + Apartment Buildings

BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...

Learn more

80-Unit Seniors Housing Development Opens in Suburban Chicago

Chicago & Midwest

Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened.  Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...

Learn more

312-Unit Multifamily in Indiana Changes Hands

Chicago & Midwest + Apartment Buildings

Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up