Hudson Yards office rents on the rise, Google reshapes Midtown South market and more of the biggest trends in CRE right now

Hudson Yards office rents rise as development debuts As the Related Companies’ sparkling new towers rise along Manhattan’s West Side, prices are escalating just as quickly. Despite its varied state of completion, the 8.9 million-square-foot office portion of the $25 billion Hudson Yards megaproject is roughly 82 percent leased, Related said. That evolution has helped office rents in the area climb 40 percent, according to research from CBRE Group. Jay Cross, president of Related Hudson […]

from The Real Deal New York

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