Buildings where deals have been done for over $100 this year. From left: 9 West 57th Street, 152 West 57th Street and 1095 Avenue of the Americas (Source: PropertyShark)Although the top taking rent so far this year is an eye-popping $185
per square foot at Sheldon Solow’s 9 West 57th Street, it is just one
of only a handful of leases signed for $100 or more per square foot
this year in a challenging leasing environment, industry experts said. New York City landlords signed just 12 leases with taking rents of over
$100 per square foot through July 31, down from 66 at the same time
last year, figures from commercial services firm Cushman &
Wakefield show, an 80 percent drop. “From 66 to 12 is a significant drop off, considering quite a few of
those were renewals of captive tenants,” and most were not for large
deals, said Jonathan Mazur, assistant director of research services for
Cushman & Wakefield. He would not comment on particular deals.
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