Downtown Office Market


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Silverstein may build 2 WTC on spec

Silverstein may build 2 WTC on spec

After searching for years for an anchor tenant, Silverstein Properties may now go ahead and build the skyscraper on spec. Given what he described as a strong economy and leasing momentum at nearby towers,...

From left: Larry Silverstein, $ World Trade Center and Spotify's Daniel Ek

Downtown asking rents soar as TAMI tenants move in

TAMI tenants — long drawn to Midtown South — are flocking to the Downtown office market, pushing the average...

Downtown office market begins 2017 with strong Q1

Downtown office market begins 2017 with strong Q1

Downtown Manhattan’s office market has its best quarter in two years. Led by big leases like Spotify’s 378,000-square-foot deal...

Downtown landlords keep repricing higher as other submarkets seesaw

Downtown landlords keep repricing higher as other submarkets seesaw

Midtown and Midtown South — two of Manhattan’s three office submarkets — have been all over the map when...

New Downtown office record quells fears of oversupply: CBRE

New Downtown office record quells fears of oversupply: CBRE

For the first time since 3 million square feet of space became available at One World Trade Center, Downtown...

Manhattan office leasing down 11% this year

Manhattan office leasing down 11% this year

The Manhattan office market remained steady with 2.3 million square feet of leases signed in April – though year-to-date leasing figures of nearly 9 million square feet represent a nearly 11 percent drop from...

Average effective Manhattan office rents grew 3% in Q1, but there are signs of wariness

Average effective Manhattan office rents grew 3% in Q1, but there are signs of wariness

Despite waning optimism in some sectors of the Manhattan commercial real estate market, the first quarter of 2016 saw...

Manhattan office leasing sees robust start to 2016: report

Manhattan office leasing sees robust start to 2016: report

Despite concerns from some major office landlords about what this year would have in store, Manhattan office leasing has...

Manhattan office asking rents hit record high in January: report

Manhattan office asking rents hit record high in January: report

The average asking rent for office space in Manhattan broke $72 per square foot in “for the first time...

Midtown Manhattan

Midtown remains 10th priciest global office market: CBRE

Midtown Manhattan held its position as the most expensive office market in the Americas and the 10th most expensive...

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