The future of luxury new development in New York

Leaving $1 Billion on the Table

by Jonathan J. Miller
Miller Samuel

Download full report

Please provide your name and email to download the full version of the report.

Photo by Evan Joseph

Curated long-term stays as the new category

We're pleased to partner with Jonathan J. Miller, President and CEO of Miller Samuel, the trusted authority on housing market analysis. Using onefinestay's bookings data, Jonathan has produced a comprehensive report examining the conditions and opportunities within the luxury new development segment. Jonathan also discusses the emergence of the new curated stay category in the context of traditional real estate.

Jonathan Miller

Key Findings

3x rental price per square foot

We've consistently produced a near-threefold price premium per square foot over traditional leases.

Higher yields on your asset

onefinestay's bookings achieved an average yield of 5.4% vs. 2.9% for traditional luxury rentals.

Significant international exposure

onefinestay has significant international market share, with over 60% of our guests travelling from outside the US.

Opportunities for developers, pied-à-terre owners and investors

Leaving $1 billion on the table

The Manhattan development community could achieve additional revenue of more than $1 billion if only a quarter of the shadow inventory was repurposed as curated longer-term stay units.

Flexible Rental Amenity

Find out what the introduction of a flexible rental program that allows owner occupancy, but generates income, would do to the value of that property.

Leveraging the use of pied-à-terres

The unit owner would achieve 38.2% more revenue than the traditional rental option and still be able to enjoy occupancy for the period of the year they choose, all done without having to manage the property.

Find out more

If you are a developer, investor, or owner of a luxury property in New York and would like to take advantage of these opportunities, download the report and we'll get in touch with you.

Download Full Report