Increasing Office Rents Impacting Manhattan

Posted on January 10, 2016 · Posted in Office Market, Trends

Across the country, office space rent has increased by an average of 11 percent. In certain tech markets, such as East Cambridge, Santa Monica, and Mountain View, the numbers are.. read more

Downtown Manhattan Office Market: February 2015 Recap

Posted on March 19, 2015 · Posted in Leasing, Trends

Like Midtown, Downtown had a slower than average month for leasing activity with overall totals coming in roughly 5 percent below the 5 year monthly average. For the month of.. read more

Midtown Office Market: February 2015 Performance Recap

Posted on · Posted in Leasing, Trends

February was a sluggish month for Midtown leasing with overall activity 8 percent off the five year average and the availability rate increasing slightly compared to January. Leasing activity totaled.. read more

Manhattan Retail Market Q4 2014 Transaction Recap

Posted on February 19, 2015 · Posted in Trends

The holiday season is usually pretty slow for commercial real estate transactions but Manhattan saw two record setting deals that saw the year finish with a bang. Hilton Sells the.. read more

Midtown from the Pond

Midtown Manhattan Office Leasing: Q1 Recap

Posted on April 17, 2014 · Posted in Leasing

Midtown’s office market had an exceptional Q1 with 3.94 million square feet leased, well above the 5-year average of 3.72 million. The new leasing however was unable to make up.. read more

NYC subway blurry

NYC Economy Key Statistics

Posted on October 20, 2013 · Posted in General News

Everyone knows that New York City is a big place but when you look at some of the city’s statistics that go beyond population and density, you get a unique.. read more

Manhattan From Governor's Island

Large Blocks of Space Permeate Manhattan Office Market

Posted on October 12, 2013 · Posted in Office Market

There are currently 68 blocks of available space in the Manhattan market that are greater than 100,000 square feet — and that’s excluding spaces that are under construction. The average.. read more

NYC at Night

Leader or Lagger? Perspective on Manhattan’s Office Market

Posted on October 6, 2013 · Posted in Leasing

Despite above average leasing volumes, vacancy rates have increased in all three major Manhattan markets. As of August, Midtown, Midtown South, and Downtown vacancy rates all increased since their year-end.. read more

Hudson Yards dig

Frank McCourt Purchases $167 Million Plot in Manhattan’s West Side

Posted on September 14, 2013 · Posted in Acquisitions, Development

Former LA Dodgers owner Frank McCourt has made his first investment in New York City with a recent purchase of a $167 million development site on Manhattan’s West Side. Mr… read more

Office Construction

Manhattan Office Tenants Paying a Premium for New Construction

Posted on September 2, 2013 · Posted in Development, Leasing

Manhattan office tenants are showing a willingness to pay a premium for newly constructed buildings. New commercial construction has not always been desired by tenants in a city so densely.. read more