May 2015 Manhattan commercial leasing: Newmark Grubb Knight Frank | The Real Deal New York

The Real Deal New York

May 2015 Manhattan commercial leasing: Newmark Grubb Knight Frank

June 25, 2015 04:39PM

Newmark Grubb Knight Frank

Manhattan leasing activity was steady in May, with nearly 450 million square feet leased. Total inventory remained the same from the prior month and was up slightly from 447 million square feet leased during the same period last year. The average asking rent was down in May to $68.04 per square foot from $68.14 in April. Nearly 10.7 square feet of space is currently under construction. View the full report online here.

May 2015 Manhattan commercial leasing: Newmark Grubb Knight Frank

 


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