Stat of the Week

Stat of the Week / August 2nd Edition

Since 2015, there have been 103 law firm leases signed in Manhattan greater than 10,000 SF. 79 of those have been in Midtown.

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Stat of the Week / July 26th Edition

Manhattan’s overall vacancy rate dropped 10 basis points to 9.2 percent through mid-year. Read more in a special Mid-Year in Review Stat of the Week..

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Stat of the Week / July 19th Edition

There are currently 372 tenants requiring space greater than 10,000 SF in  Manhattan, searching for an approximate 24.8 MSF.

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Stat of the Week / July 12th Edition

7,300 Financial Jobs added in New York City through May 2017 brings sector to highest levels since September 2001

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Stat of the Week / June 28th Edition

Class A asking rents in Midtown South East increased since year-end 2016, up 1.9 percent to $81.90 per square foot.

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Stat of the Week / June 21st Edition

The highest monthly leasing total in more than three years propelled year-to-date new leasing 19.8 percent higher than one year ago.

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Stat of the Week / June 14th Edition

Since Coach signed on as the first tenant at 10 Hudson Yards in 2011, 22 tenants followed suit, and has transformed the Far West Side into the next big neighborhood of the Midtown office market.

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Stat of the Week / June 7th Edition

Multifamily transaction and dollar volumes have dropped significantly since last year and cap rate compression has halted, yet values remain steady and near all-time highs.

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Stat of the Week / May 24th Edition

Despite the evolution of retail with the emergence of e-commerce, there will always be a strong retail store presence in NYC. .

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Stat of the Week / May 17th Edition

With more new inventory being added to the Manhattan office market in over 30 years, Midtown stands to benefit the most from new construction projects.

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Stat of the Week / May 10th Edition

From the third quarter of 2013 through the third quarter of 2015, the New York City investment market underwent a nine quarter market peak and averaged 1,346 property sales per quarter.

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Stat of the Week / May 3rd Edition

From 2011 through 2014, there were 23 lease transactions signed where landlords offered tenants $100.00 per square foot or greater in work allowances.

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Stat of the Week / April 26th Edition

Only seven value submarkets—with overall average asking rents below $65.00 PSF—remain in Manhattan through the first quarter of 2017.

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Stat of the Week / April 19th Edition

Despite Manhattan’s strong first quarter ofleasing activity, the overall vacancy rate increased 20 BPS due to 1.3 MSF of sublease supply added to the market.

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Stat of the Week / April 12th Edition

Midtown South added 12 new office properties over the past seven years, yet has been overshadowed by Midtown and Downtown’s booming construction. The premium starting rents in Midtown South, however, outshine the other markets.

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Stat of the Week / April 5th Edition

In Round 2 of the Midtown Madness tournament, the submarkets face off based on the largest year-over-year
increase in Class A direct asking rents and the finals based on leasing activity.

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Stat of the Week / March 29th Edition

Hello folks, it’s time for the fourth annual Stat of the Week Midtown Madness tournament,
and like the NCAA March Madness tournament,there is always potential for a heavy favorite to get knocked out early, like Villanova and Duke in the second round.

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Stat of the Week / March 22nd Edition

Through the first two months of 2017, the Midtown South vacancy rate jumped 50 basis points to 7.1 percent and is up 100 basis points from one year ago.

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Stat of the Week / March 15th Edition

Although the saying goes, “March comes in like a lion, out like a lamb,” Downtown has done the opposite this year.

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Stat of the Week / March 1st Edition

Within the first 52 days of 2017, 12 large leases greater than 100,000 square feet were signed totaling 4.4 million square feet.

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Stat of the Week / February 22nd Edition

During 2016, the TAMI sector was the most dominant industry group for
leasing demand in Manhattan.

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Stat of the Week / February 15th Edition

During the current Manhattan office market expansion cycle, there has been over 9.7 million square feet of new construction/ redeveloped properties delivered from 2013 to 2016.

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Stat of the Week / February 1st Edition

For the second time in three years, the New England Patriots are back in the Super Bowl, and as a New York Jets fan…well, hopefully you can sympathize.

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Stat of the Week / January 18th Edition

As 2016 is officially in the books and REBNY holds its 121st annual banquet this week, let’s examine how lease renewals dress up the leasing statistics from last year.

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Stat of the Week / January 12th Edition

Midtown direct average asking rents for all classes of space increased in 2016, up 2.7 percent year-overyear to $81.73 per square foot.

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Stat of the Week / January 4th Edition

In the spirit of the New Year, let’s review how the 17 submarkets performed last year as we ring in 2017.

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Stat of the Week / December 15th Edition

Sunday, December 4, 2016 at 4:59 a.m. As I pull up to my local Toys “R” Us, I promised I would never do this—never would I go and wait on line for the hottest toy of the holiday season.

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Stat of the Week / December 7th Edition

It’s that time of the year again, the holidays are in full gear and the New York International Council of Shopping Centers’ (ICSC) National Deal Making Conference is this week.

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Stat of the Week / November 30th Edition

This year, the Midtown vacancy rate jumped 80 basis points to 9.5 percent after hitting a recent low of 8.8 percent at the end of 2015.

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Stat of the Week / November 16th Edition

Living in the suburbs has its advantages and its disadvantages, and despite a beautiful fall and Thanksgiving season, cleaning up a leaf covered yard is irritating.

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Stat of the Week / November 9th Edition

In keeping with the theme of this week’s issue, let’s revisit the Downtown migration trend as tenants now have access to the
World Trade Center transportation hub which opened earlier this year.

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Stat of the Week / November 2nd Edition

In keeping with the theme of this week’s issue, let’s revisit the Downtown migration trend as tenants now have access to the World Trade Center transportation hub which opened earlier this year.

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