The Real Deal New York

Posts Tagged ‘NYC Office Market’

  • From left: London's West End, Madison Avenue and Hong Kong

    From left: London’s West End, Madison Avenue and Hong Kong

    Manhattan’s Madison and Fifth avenues, with rents averaging $127 per square foot, is the world’s sixth-priciest office market, up from eighth place last year. [more]

  • From left: One World Trade Center, rendering of the Fulton Street Transit Center and 195 Broadway

    From left: 1 World Trade Center, rendering of the Fulton Street Transit Center and 195 Broadway

    As tech firms and startups drive New York City commercial office demand in 2014, the Financial District is poised to overtake the Flatiron as the hottest spot for firms to set up shop, while many will also trickle over the East River into Brooklyn. [more]

  • Price relief for Midtown South?

    February 01, 2013 04:30PM

    From the February issue: The recent sale of a hulking, three-block-long office building straddling the border of Soho and the Meatpacking District may provide relief to tenants priced out of the famously tight Midtown South leasing market. That’s because the buyers — a partnership of Fortress Investment Group, Atlas Capital Group and Westbrook Partners who purchased the property from long-time investor Eugene Grant — could get more aggressive about wooing new tenants in with competitive leasing prices. [more]

  • Seattle skyline

    New York’s trophy office market has strengthened — average Manhattan prices were up 33 percent in the first half of 2012, year-over-year — but investors are increasingly chasing bigger yields in smaller cities, Bloomberg Businessweek reported. The market for prime office space is in the process of recovering in cities like Minneapolis, Seattle, Nashville, Houston and Denver, and there is often more supply in those places than in much larger cities, such as New York and Chicago. [more]