Archive for the 'Leasing' Category

Downtown Manhattan Office Market: February 2015 Recap

Posted on March 19th, 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 March 19th, 2015 · 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

Midtown from the Pond

Midtown Manhattan Office Leasing: Q1 Recap

Posted on April 17th, 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 at Night

Leader or Lagger? Perspective on Manhattan’s Office Market

Posted on October 6th, 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

Office Construction

Manhattan Office Tenants Paying a Premium for New Construction

Posted on September 2nd, 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

Manhattan Looking Up

Manhattan Office Leasing Up 16% Through First Six Months

Posted on August 24th, 2013 · Posted in Leasing, Trends

Manhattan office leasing is up 16% for the first half of 2013 on a year over year basis, as a result of an even higher increase in Midtown leasing where.. read more

Open Office Floorplan

Available Sublease Space Drops in Manhattan

Posted on July 26th, 2013 · Posted in Leasing, Trends

Available sublease space in Manhattan decreased to 18% of the total market in the second quarter compared to the same quarter a year ago when 23.3% of the market was.. read more

Midtown Black and White

Asking Rates Eclipse $60 For the First Time in Four Years

Posted on July 7th, 2013 · Posted in Leasing, Trends

Asking rates for Manhattan office space eclipsed $60 for the first time in four years as a wave of $100/square foot leases drove landlords to push for higher rates. The.. read more

WeWork home

WeWork Takes 120,000 Square Feet at 222 Broadway

Posted on April 6th, 2013 · Posted in Leasing

If you want to know about the future of collaborative workspace look at the new 120,000 square foot lease signed by WeWork at 222 Broadway. I know that similar operations.. read more

350 Hudson Street

PepsiCo Signs First Lease in Manhattan

Posted on April 5th, 2013 · Posted in Leasing

When we think of typical Manhattan office tenants, we usually imagine every major company in every major industry which is surprising that PepsiCo’s recent lease at 350 Hudson was the.. read more