CRE scorecard: Manhattan office leasing through January 2019

OFFICE LEASING IN MANHATTAN Midtown office leasing fell by nearly half in January after spiking in December and totaled 1.59 million square feet, up slightly year over year. The availability rate ticked up to 10.8 percent, while the average asking rent rose more than $4 to $82.47 per square foot — the highest rate since 2008. The largest deal in the submarket was Citadel LLC’s expansion at 425 Park Avenue, totaling 194,900 square feet. Leasing […]

from The Real Deal New York

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