January’s top 10 office leases spanned 919,480 square feet of space, with an average lease size of about 91,000 square feet, according to a TRData analysis of CoStar Group information, for deals with known tenants.
The top transactions were nearly split between Midtown and Downtown, but Midtown saw the most activity with six of the top 10. The month’s largest lease deal transpired Downtown, however, with media investment firm Group M taking 173,536 square feet at 3 World Trade Center. CBRE represented Group M on the deal, while Jeremy Moss was the in-house rep for landlord Silverstein Properties.
On the tenant representation side, CBRE led all firms with five clients leasing a total of more than 511,000 square feet. For landlord representations, JLL took top billing with two deals totaling just over 160,00 square feet.
According to a report from Colliers International, leasing activity was up more than 13 percent borough-wide in January, although Midtown lease transactions declined 7.6 percent from December totals.
To see the full top 10 lease ranking on TRData, click here.