Monday, May 4, 2015
Sunday, July 20, 2014
Midtown South Rents Close in on Midtown's
Midtown south's rent growth of 13% per year from 2010 to 2013 is similar to past spikes in 2000 and 2008, but today's high prices are being driven by changes within the district, particularly a stronger and more stable technology industry, according to CBRE. Tech tenants including AppNexus, Twitter and IBM Watson have increased their footprints in the area by 3.9 million square feet between 2007 and 2013.
"Occupancy is much higher now than it was at the previous peak, and they've taken up a larger share of leasing activity," said Matt Maison, manager of research and analysis for CBRE. "The tech industry overall is stronger overall, not only in midtown south."
Read the full article here: Midtown south rents close in on midtown's
Source: Crain's New York Business
Tuesday, March 12, 2013
Manhattan Office Leasing Activity Up
The Manhattan office leasing market experienced a jump in activity of 19 percent year-over-year from February 2012, according to the March 2013 Manhattan Marketview Snapshot from CBRE. Leasing activity was also up nine percent over January 2013, the report noted.
“February leasing remained below the 60-month monthly average, so the increase in activity compared to one year ago at this time signals an improvement of the market,” said Matt Maison, Manhattan manager, research and analytics at CBRE.
Read the full article here: Manhattan Office Leasing Activity Up
Source: Commercial Observer
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