Recent Blog Posts

  • NYC Five Fast Facts: Q2 2019 Edition
    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 70.2% more space, respectively, in the first half of 2019 than… Read more »
  • New Jersey’s Industrial Market Sees Record-Low Vacancy as Large Deals Drive Demand
    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 highs at $9.27 per square foot, industrial remains robust as… Read more »
  • Manhattan Office MarketBeats: May 2019
    Manhattan 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 month with an average of 1.1 msf of space added per… Read more »
  • NYC Five Fast Facts: June 2019 Edition
    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 month. Direct average asking rents for all classes of space climbed… Read more »
  • In New York City, User Activity Increases as Investors Become Wary
    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 result, there has been an increase in user activity in… Read more »
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