NYC's high-end office market scores record year for new leases …

Jan 5, 2025  · The larger, $100-plus pinnacle class of 2024 accounted for an unprecedented 9.8 million square feet of space, as measured by JLL, handily whipping the previous high of 8.8 …


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NYC's High-end Office Market Scores Record Year For New Leases …

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Jan 5, 2025  · The larger, $100-plus pinnacle class of 2024 accounted for an unprecedented 9.8 million square feet of space, as measured by JLL, handily whipping the previous high of 8.8 …

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NYC's High-end Office Market Scores Record Year For New Leases …

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Jan 5, 2025  · We noticed practically 600,000 sq. ft of them” in 2024, Wasserberger mentioned. The bigger, $100-plus pinnacle class of 2024 accounted for an unprecedented 9.8 million sq. ft …

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NYC's High-end Office Market Scores Record Year For New Leases …

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Jan 5, 2025  · “If you look at the $200-plus market, people are no longer blinking at these rents. We've seen them close to 600,000 square feet in 2024,” Wasserberger said. The larger, $100 …

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NYC’s High-end Office Market Scores Record Year For New Leases …

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Jan 6, 2025  · Cynthia Wasserberger, a market expert at JLL, attributes this remarkable growth to several key factors. In 2024, 28 new leases were signed at rents exceeding $200 per square …

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Record-high $100-plus, $200-plus Leases In 2024 As Top Space …

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Jan 7, 2025  · Wall Street and the financial industry dominated leasing, with 64 percent of all top-tier leases, and represented 12 out of the top 20 largest deals. Hedge funds and private equity …

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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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NYC’s High-end Office Market Scores Record Year For New Leases …

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Jan 5, 2025  · Move over, C-Note — the Manhattan high-end office market’s new exclusive club has a $200 per-square-foot admission charge. A record 28 new leases were done at rents …

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Manhattan’s Top-dollar Office Leases Jump To Record High

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Jan 7, 2025  · The Seagram Building on Manhattan's Park Avenue scored the biggest number of deals with starting per-square-foot rents of $100 or more in 2024, according to JLL.

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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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NYC’s High-end Office Market Scores Record Year For New Leases …

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Record Number Of $100-plus Leases Signed In 2023 - JLL

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NEW YORK, Jan. 2, 2023 – JLL has released its 2023 Year-End Recap, which revealed that office tenants signed a record high 192 $100-plus starting rent leases representing 5.6 million …

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FAQs about NYC's high-end office market scores record year for new leases … Coupon?

How many new leases were done in 2024?

A record 28 new leases were done at rents above $200 per square foot in 2024, The Post has learned. The deals represented the top tier of the top tier. Meanwhile, there was also a record, 212 deals inked for at least $100 per square foot, according to a stunning new JLL report. ...

What is the top-of-the-market ($100-and-up) leasing market for 2024?

“The top-of-the-market [$100-and-up] leasing represented almost a third of the whole market for 2024,” marveled JLL vice-chairman Cynthia Wasserberger, leader of a JLL team that shared an “Analysis of Top Tier Transactions” with The Post. “When we peel back on the $200-plus market, people aren’t blinking at these rents any more. ...

How many square feet did we see in 2024?

We saw nearly 600,000 square feet of them” in 2024, Wasserberger said. The larger, $100-plus pinnacle class of 2024 accounted for an unprecedented 9.8 million square feet of space, as measured by JLL, handily whipping the previous high of 8.8 million square feet in ancient-seeming 2019. ...

How much space did Manhattan lease in 2023?

Brian Zak/NY Post The JLL report highlighted a banner Manhattan leasing year that saw 30.2 million square feet in overall space-grabbing – up 19.4% over 2023 and the first time the 30-million mark was hit since 2018. ...

Which Manhattan office building has the most rents in 2024?

The Seagram Building on Manhattan's Park Avenue scored the biggest number of deals with starting per-square-foot rents of $100 or more in 2024, according to JLL. (CoStar) Manhattan’s office market may still be rebounding from the pandemic, but that’s not stopping tenants from signing top-dollar deals in the so-called flight-to-quality trend. ...

Are people blinking at $200-plus rents?

“When we peel back on the $200-plus market, people aren’t blinking at these rents any more. We saw nearly 600,000 square feet of them” in 2024, Wasserberger said. ...

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