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Manhattan office leasing up 35% on the year in Q3

Manhattan office leasing up 35% on the year in Q3

Manhattan office leasing in the third quarter climbed 35 percent year-over-year to 9.85 million square feet as financial services jobs climbed back above their pre-recession levels in August. Average asking rents were virtually flat, growing just .7 percent to $71.12 per square foot, according to JLL data cited by the Wall Street Journal. The leveling off is a result of landlords competing with new construction in Midtown and Downtown. “Asking rents are pretty stable, and […]


Source: realdeal

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