Office leasing in Downtown Manhattan up 78% year-over-year

According to this week’s market reports, Downtown Manhattan saw the most relative growth in office leasing activity during the month of April, though it comes with a pretty significant caveat. Per CBRE, the total of 257,000 square feet leased in April was 78 percent better than last April, but still 40 percent below the five-year monthly leasing average of 427,000-square-feet. By comparison, leasing activity in Midtown and Midtown South in April was down 7 and […] Read More >>