Corcoran rules over Lower Manhattan

The Corcoran Group edged out Douglas Elliman to take the top spot in The Real Deal’s recent citywide brokerage ranking, but the story was different in Lower Manhattan.

The firm accounted for 45 percent of all deal volume in the neighborhoods of Manhattan’s southern tip, for a total of more than $755 million — over three times the volume of runner-up Compass, which booked just about $234 million.

Corcoran’s chart-topping strength in new-development marketing gave the firm a clear edge in Lower Manhattan, where more than half of its 350 deals were sponsor sales at developments like Albanese Organization’s Solaire in Battery Park City, Extell’s One Manhattan Square in Two Bridges and LCOR’s 25 Broad Street and Lightstone Group’s 130 William Street in the Financial District. As with total volume and deal count, no other brokerage came close.