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Posts Tagged ‘Office Leasing’

  • Market Reports

    The latest batch of reports from around the industry found that overall average asking office rents in Manhattan reached their highest point since 2008 and investment sales hit a record $20.8 billion in the first quarter of the year. [more]

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  • Market Reports
    The latest batch of reports from around the industry found that finance, law and tech companies dominated the Manhattan office market during the first quarter of 2015 and the average rent for a Manhattan apartment in March was nearly $3,900. [more]

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  • Market Reports

    The latest batch of reports from around the industry found that the Financial District was the most active neighborhood for new development in Manhattan and Brooklyn’s residential prices more than doubled over a decade. [more]

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  • Mar

    The latest batch of reports from around the industry found that Brooklyn’s retail corridors are expanding and sales volume for Manhattan office condos reached record levels in the second half of 2014. [more]

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  • Market Report

    The latest batch of reports from around the industry found that New York City homeowners pay more for a down payment on a home, TAMI tenants continue to dominate the Manhattan office market, and Upper Manhattan has the tightest absorption rate. [more]

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  • CityRealty1
    The latest batch of reports from around the industry found that residential listings picked up in February, while the Manhattan office market continued its upward surge. [more]

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  • The week in real estate market reports

    February 25, 2015 12:50PM

    CBRE

    The latest batch of market reports found that Lower Manhattan’s commercial market had its best year on record since the financial crisis; office asking rents fells in January; and sales for apartments reached record levels in the fourth quarter of the year. [more]

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  • The week in real estate market reports

    February 18, 2015 12:15PM

    From left: Halstead Property Development Marketing’s 2014 new developments report, Ariel Property Advisors’ 2014 Manhattan sales report and New York Building Congress’ 2014 NYC construction report

    Fresh industry data abounded in the latest batch of market reports: Most new developments are heading Downtown; commercial and residential broker confidence increased to 9.22 in the fourth quarter; and Brooklyn’s retail corridors doubled in the last year. [more]

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  • The week in market reports

    February 11, 2015 12:00PM
    From left: Ariel Properties 2014 Bronx report, Cushman & Wakefield 2014 Manhattan sales report and MNS Manhattan December 2014 report

    From left: Ariel Properties 2014 Bronx report, Chushman & Wakefield 2014 Manhattan sales report and MNS Manhattan December 2014 report

    New York City rental prices fall behind San Francisco, investment sales end strong in the fourth quarter of 2014 and office leasing picks up during the final quarter of the year.

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  • effective-rent

    Effective rents in the Manhattan office market (Credit: CompStak)

    It may not be out with the old, but it’s certainly in with the new. Throughout Manhattan, new leases comprised a larger chunk of all office deals in 2014, rising to 63 percent from 55 percent year-over-year based on square footage leased. That’s according to CompStak’s latest rent report, provided exclusively to The Real Deal. [more]

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  • Effective rents in the Manhattan office market, Q3 2014 (Credit: CompStak)

    Effective rents in the Manhattan office market, Q3 2014 (Credit: CompStak)

    UPDATED, 5:52 p.m., October 29: Midtown South continues to hold the torch for the Manhattan office market – the tech-tenant magnet was responsible for 26 percent of the top 50 deals by square footage signed in the third quarter, and has seen six triple-digit deals so far this year, according to CompStak’s effective rent report provided exclusively to The Real Deal. [more]

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  • From left: Sufyan Sigg, Al Baumol and a screenshot of the TenSource platform

    From left: Sufyan Sigg, Al Baumol and a screenshot of the TenSource platform

    A commercial real estate technology startup is looking to turn the landlord-tenant matchmaking business on its head. TenSource, according to its founders Al Baumol and Sufyan Sigg, is the first online database for leasing brokers created to list and search for tenant requirements. While brokers described it as “a CoStar in reverse,” the fledgling firm faces a number of challenges. [more]

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  • From left: Empire State Building and Bulova watch

    From left: Empire State Building and Bulova watch

    Luxury watchmaker Bulova has agreed to take a full floor at the Empire State Building, a deal that will see its staff move from its current location in Queens.

    The company signed a 15-year lease for 33,214 square feet on the 29th floor of the iconic office building, the New York Post reported. Asking rent for the space was $60 per square foot. [more]

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  • From left: 102 West 38th Street and Brett Maslin

    From left: 102 West 38th Street and Brett Maslin

    Two technology companies and a general contractor have signed on for just under 15,000 square feet at 38 & 6 Associates’ 102 West 38th Street.

    Solar panel-maker Solaire Generation inked a 10-year deal for 4,800 square feet on the seventh floor at a price of $41 per square foot. Downstairs on the sixth floor, cloud computing company Nimbo Technologies took 4,658 square feet for an undisclosed amount. [more]

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  • mark-weiss-metlife

    Mark Weiss and 200 Park Avenue

    The International Property Measurement Standards Coalition, a global alliance of real estate groups, intends to unveil a new system next month for measuring square footage at office buildings worldwide. The system would not be mandatory, and could reduce the size of buildings and therefore lessen their value.

    New York City real estate executives, however, said it is unlikely that building owners will voluntarily follow the new standards if it could result in losing money. [more]

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  • Manhattan Trophy Article

    Rental rates are on the rise in Manhattan’s trophy office towers

    Rental rates in Manhattan’s choicest office buildings are on the rise, with asking rents nearing pre-recession highs from 2007 and 2008. [more]

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  • langham-place

    Langham Place (center) in Hong Kong

    Hong Kong tops New York City when it comes to office leasing in towers, as investors are open to paying twice the price for equivalent space in the former, according to a report from Knight Frank.

    Skyscraper office space sold in Manhattan goes for an average price of $25,740 per square meter. Meanwhile, in Hong Kong, it sells for $69,222 per square meter. Tokyo also beats New York in this category, with $42,283. Of the 10 priciest cities for office space in the world, half of them are located in the Asia-Pacific region. [more]

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  • From left: 11 Madison Avenue, 280 Park Avenue and 399 Park Avenue

    From left: 11 Madison Avenue, 280 Park Avenue and 399 Park Avenue

    The downsizing by big banks has caused several of Manhattan’s office towers to bleed millions of square feet of space in recent years, but medium-sized institutions are slowly but surely moving in to fill the void. [more]

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  • 042-043 loss factor se FINAL.indd

    From the February issue: The Chetrit Group sold 123 William Street to East End Capital and GreenOak Real Estate for $133 million in October. In January, the new owners signed the Institute for Career Development, a workforce training company, to a 26,558-square-foot lease for the 27-story office building’s entire fifth floor, CompStak’s database shows. Asking rent for the space was $37 per square foot. [more]

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  • Lower Manhattan office market lags: CBRE

    January 13, 2014 01:55PM
    CBRE-Asking-rent-2014

    Average asking rent in Manhattan. Source: CBRE Group

    The industry mantra has been for months now that the Downtown office market is red hot, but the latest market statistics paint a more nuanced picture. [more]

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