Weekend Edition
Andrew Chung’s Innovo Property Group grabs HSBC building in Bryant Park
The Israeli company that owns the HSBC Tower in Midtown Manhattan has found a hometown buyer in the Innovo...
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Macmillan leaving Flatiron Building for Silverstein’s 120 Broadway
UPDATED, 8:56 a.m., August 1: Macmillan Publishers is officially leaving the Flatiron Building, having signed up for 261,000 square...
Available office space is 62% Class A properties
Class A office space in Manhattan now accounts for 62 percent of the total available supply — a significantly...
LIC office rents hit 10-year high: Newmark
Landlords in Long Island City are asking the highest office rental rates in a decade. Rents have risen as vacancy rates have tightened because former Manhattan firms are moving to the neighborhood and no...
Class A office vacancies could reach 1990s highs
Manhattan’s Class A office market could see its highest vacancy rate since December 1996, said Robert Sammons, vice president...
Midtown Class A office vacancy drops to 11 percent in November
In Midtown Manhattan, Class A office vacancy decreased in November to 11.1 percent, its lowest level since 2008, according...
More Midtown landlords publish asking rents
When the office leasing market began to collapse more than two years ago, Midtown Class A landlords fearful of putting out the wrong price in the volatile market pulled back from listing their asking...
First rise in Class A Midtown asking rents in over two years
Grubb & Ellis’ Joseph Swingle, 1411 Broadway (building photo source: PropertyShark) In a sign that the office leasing market...
Manhattan Class A vacancy rate highest since 1997
The vacancy rate for Class A office buildings in Manhattan last month reached its highest level since April 1997,...
Vacancy rates continue climb in July
Manhattan office vacancy rates rose and asking rents fell in July after a relatively stable June, according to a monthly office market report from Colliers ABR released today. The Class A vacancy rate in...