In the second quarter of 2019, leasing activity for new leases in Manhattan reached a 25-year high of 18.3 million square feet (msf), 13.3% above 2018’s pace. The two busiest sectors were TAMI and financial, which leased 74.3% and
According to Cushman & Wakefield’s research, the New Jersey industrial market shows no signs of slowing down at mid-year 2019, as large deals continue to drive demand. With vacancy at a record low of 3.3% and asking rents at historical
The Manhattan office market had nearly 2.7 million square feet (msf) of new leases transacted through May 2019, led by two deals by WeWork and Knotel in Midtown South and Downtown, respectively.
Vacancy increased for the fifth consecutive
Manhattan vacant space hit a 64-month high during May, reaching 42.7 million square feet. Coworking and flex-office providers continue to be active and accounted for the top two leases in May – 11.0% of 2.7 msf leased during the
As pricing for the city’s real estate reaches its cyclical peak, investment-oriented buyers have become increasingly more selective. Changes to real estate regulations and taxes coming from Albany and City Hall are also adding to investors’ caution and as a