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 https://ift.tt/2HwE2SD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s