How did office leasing in Manhattan close out 2018? With a resounding bang, according to the Cushman & Wakefield’s New York City research. New leasing reached a record high with the 35.9 msf of new leases signed in 2018
By Lori Albert, Director, Tri-State Research
New office leasing activity in Manhattan soared to the highest level in 18 quarters with 9.6 million square feet (msf) transacted in the third quarter. On track to reach the second-highest new leasing year
As the New York City economy continues to grow, office leasing activity has followed suit. In May, New York City’s employment stood at a record 4,496,400 jobs, up 13,200 from March and up 80,000 from one year ago. Although the
Last week, The Real Deal released June’s top 10 office and retail leases in New York City, and Cushman & Wakefield closed the two largest office leases and the fourth and fifth largest retail deals of the month.
The largest office lease
By Richard Persichetti, Vice President, Tri-State Research Lead
It is the first official day of summer! As the weather starts to really heat up, let’s take a look at the hottest submarkets and examine which ones had the most