The start of 2019 brought good tidings in several sectors of Manhattan’s commercial real estate market, reports Cushman & Wakefield. Manhattan office demand continued at a torrid pace, starting the new year with 4.2 msf of new leases signed. Downtown owned four of the top five new leases in January after being the only major market to post a YOY decline in annual new leasing in 2018. In addition, venture capital funding set a new record, as more than $13.3B of VC funding poured into the NYC Metro area in 2018, breaking the previous annual record of $12.3B set in 2017 by 8.7%.
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