Midtown’s office leasing tear, Manhattan’s hotel glut fueling big deals and more of the biggest trends in CRE right now

Midtown office leasing hits 12-year high The Midtown office market is having its most active year since 2006, with a total of 13.9 million square feet leased in the first three quarters of the year, according to CBRE. Of that total, 4.4 million square feet were added in the third quarter — the sixth consecutive quarter to surpass 4 million square feet leased. Asking rents in Midtown stood at $74.41 per square foot, up 2 […]

Source: Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *