4Q 2014 Manhattan office leasing: CBRE | The Real Deal New York

The Real Deal New York

4Q 2014 Manhattan office leasing: CBRE

February 03, 2015 05:49PM

Midtown Manhattan

Midtown Manhattan

Midtown Manhattan office leasing activity picked up in Q4 of 2014, totaling 4.15 million square feet leased. Activity in the fourth quarter was up 3 percent from the previous month and was 7 percent higher than the five-year quarterly average of 3.89 square feet. Leasing in 2014 totaled 16.8 million square feet, a 12 percent increase from the previous full year. The average asking rent for a Midtown Manhattan office was up 3 percent to $66.38 in the last quarter. View the full report online here.

4Q 2014 Manhattan office leasing: CBRE


Comments are closed.