Queens Runs The Table As New Building Filings Soar Citywide

"Q4 2025 saw significant overall and multifamily-specific proposed new construction. The release points to 13,982 multifamily units filed in the quarter, a figure nearly 200% above the historical average and 19% higher than in the prior quarter. REBNY says it plans to keep a close eye on whether this spike signals durable momentum that can actually deliver housing at scale."

"According to a report from REBNY, the 511 new building filings logged in Q4 2025 are expected to add about 19.1 million square feet, which the group notes is roughly 50% above the historical average, and represents a 7% increase over the previous quarter. Total proposed square footage is up 201% compared to Q4 2024, while multifamily unit filings jumped 225% year over year."

"Within that slice, there were 110 projects with fewer than 50 units, 67 projects between 50 and 99 units, four projects between 100 and 149 units, and 21 filings for buildings with 150 units or more. The report also flags six proposed 150-plus-unit buildings in Wage Zones A and B using the 485-x program, which comes with higher wage and affordability obligations for developers."

New York City experienced a significant construction boom in Q4 2025, with 511 new building filings proposed across the city. These filings would add approximately 19.1 million square feet of development and nearly 14,000 multifamily units, marking substantial increases compared to historical averages and prior periods. Queens emerged as the leading borough for this construction activity. The filings represent a 50% increase above historical averages for square footage and a 225% year-over-year jump in multifamily units. Of the 202 multifamily-focused filings, most projects contained fewer than 100 units, though six projects utilized the 485-x program with higher wage and affordability requirements. REBNY officials are monitoring whether this construction spike represents sustained momentum for housing delivery.

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