Ric Clark, CEO Brookfield Office Properties; From left: Jay Habermann, vice president at Goldman Sachs, Brookfield’s Clark, and Dennis Friedrich, president and global CIO at Brookfield
The CEO at commercial landlord Brookfield Office Properties said the firm could lease as much as 50 percent more office space this year compared with its best year ever.
On top of approximately 3 million square feet leased in the first quarter, “we could add another eight to nine million square feet of leasing this year, giving us something like 11 to 12 million square feet. That’s 40 to 50 percent better than our best year ever,” company CEO Ric Clark said. The firm has an interest in 109 office properties globally with 78 million square feet of space.
Clark was speaking today at the National Association of Real Estate Investment Trusts conference in Midtown.
Although the office leasing market is improving in Manhattan following the downturn, Clark did not expect new leases signed at its World Financial Center Downtown to start at the same level as those now paid by financial services giant Merrill Lynch. … [more]