Premium Office Leases Surged in Manhattan Last Year

Jan 4, 2023 · These premium leases encompassed 6.1M SF, more than double the space of the top-dollar leases in 2021 and about 25% of the overall of leasing total of 24.3M SF for …

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Premium Office Leases Surged In Manhattan Last Year

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Jan 4, 2023 · These premium leases encompassed 6.1M SF, more than double the space of the top-dollar leases in 2021 and about 25% of the overall of leasing total of 24.3M SF for …

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Record Number Of Manhattan Office Towers With High-End Rents

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Jan 10, 2024 · Manhattan office tenants signed 192 leases in 2023 with starting rents of $100 or more, amounting to 5.6M SF, equal to 26% of overall leasing in the borough last year, …

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Manhattan Office Leasing Volume Nears Pre-Pandemic Levels

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Jan 2, 2025 · Full-year 2024 office leasing volume in Manhattan totaled 35.7 million square feet, the highest annual total since 41.5 million square feet in 2019. ... Nearly 88% of Manhattan …

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Savills | Manhattan Q4 2024 Office Market Report

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Jan 2, 2025 · Among all Manhattan office leases 50,000 sf or greater, 87.9% were signed in Class A or Trophy buildings, further shrinking the pool of available top tier spaces which command …

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Manhattan Signs Record Number Of $100-Plus Office Leases, JLL …

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Jan 8, 2024 · The number of office tenants in Manhattan signing $100-plus per-square-foot starting rent leases hit a record high level of 192 last year, representing 5.6 million square feet …

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Elliot Warren On LinkedIn: Premium Office Leases Surged In …

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Manhattan office leasing in 2022 was dominated by flight-to-quality deals, with 62% of leases—an estimated 3.8M SF—going to new towers or older ones that recently have been upgraded" …

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Manhattan Office Leasing Beats Five-Year Average For Eighth …

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Dec 6, 2024 · Led by Ropes & Gray’s 429,342-square-foot commitment at 1285 Ave. of the Americas, Manhattan office leasing activity totaled 1.82 million square feet in November, 10% …

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Office Investment Increases For First Time Since 2021 - Globest.com

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4 days ago · Data fund Preqin estimates opportunistic real-estate funds had $196.8 billion available at the end of last year, up from $179.9 billion at the end of 2020. Return-to-work …

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NYC Office Demand Surpasses Pre-Pandemic Levels With 25.3

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2 days ago · New York City has surpassed pre-pandemic office demand levels during the fourth quarter, reaching 25.3% year-over-year growth and leading the country in what appears to be …

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FAQs about Premium Office Leases Surged in Manhattan Last Year Coupon?

How big was Manhattan office leasing in Q4 2024?

In Q4 2024, Manhattan office leasing volume totaled 10.7 million square feet (msf), building on last quarter's momentum to drive full year 2024 leasing to 35.7 msf, the highest annual total since 41.5 msf in 2019. ...

What percentage of Manhattan office leases are Class A or Trophy?

Among all Manhattan office leases 50,000 sf or greater, 87.9% were signed in Class A or Trophy buildings, further shrinking the pool of available top tier spaces which command premium pricing. ...

Is Manhattan office employment down 7% a year-over-year?

Despite the stronger leasing environment, Manhattan office employment is down 0.7% year-over-year with annual declines in 17 straight months, a point of weakness that bears continued monitoring. Read the full report ...

Which submarkets accounted for the most leasing volume in Q4?

Midtown accounted for 77.0% of leasing volume in Q4, its highest share since Q1 2021, and the Penn Plaza, Grand Central, and Plaza South submarkets combined to account for 48.2% of quarterly leasing volume. ...