Attention, Brokers: The World’s Ultra-Rich Population Is Growing

NYC has the highest concentration of those earning $250K+ a year, per Knight Frank

The world’s population of ultra-rich is growing, and their real estate investments are pushing up real estate prices in cities from New York to Guangzhou, China.

According to Knight Frank’s 2018 wealth report, there were 2.5 million people with assets of $5 million or more last year — up 9 percent compared to 2016 and up 20 percent compared to five years earlier.

As for those with $50 million or more? There were 129,730 in 2017, a 10 percent jump from 2016 and 18 percent more than 2012, per Knight Frank. The world’s demi-billionaires — or those with $500 million or more — numbered 6,900 in 2017, up 11 percent from 2016 and 14 percent since 2012. Continue Reading ›

THE REAL DEALS DATA BOOK IS ARRIVING IN FEBRUARY 2108 ISSUE!!

It’s almost here! The Real Deal’s hotly anticipated annual Data Book will be arriving with our February 2018 issue.

The 2018 Data Book is an essential compendium of last year’s real estate rankings, record-setting figures and statistics, written for industry insiders. TRD’s real estate almanac spans the residential, development and commercial sectors and includes highlights from throughout the year.

Inside this year’s Data Book you will find lists of the top residential brokers and brokerages, biggest projects across boroughs, most active architects, largest commercial transactions, top investment sales firms and much, much more.

New additions this year include a guide to the top general contractors, a ranking of property managers and an index of top law firms by closings, among others.