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New York

NYC falls in office rankings

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Metro New York has fallen from the No. 2 most active office market in the world to No. 3, according to Real Capital Analytics’ mid-year Global Capital Trends report. Tokyo surged from No. 7 to No. 1, while London dropped from No. 1 to No. 2. Other U.S. cities fell: Metro Washington, D.C., fell from No. 5 to No. 7; San Francisco from No. 4 to No. 10; Metro Los Angeles from No. 6 to No. 11; and Chicago from No. 10 to No. 13. Dallas moved up the ranks from No. 23 to No. 14. Europe overtook the Americas as the world’s most active region, but the U.S. remained the country with the most active office market. TRD