NYC Office Market


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From left: a rendering of Tower Fifth, Harry Macklowe  and 9 East 51st Street (Credit: Google Maps, Getty Images, and New York Times)

Macklowe is eyeing Venezuelan consulate building for his Tower Fifth supertall

Harry Macklowe is continuing his pursuit of a land assemblage for his Tower Fifth supertall project in Midtown. The...

With Brexit on the horizon, Frankfurt’s office market breaks records

Ever since the Brexit referendum, Germany’s financial capital has been positioning itself to receive an influx of London bankers....

Manhattan’s office leasing market had a record year in 2018

Though other real estate sectors struggled in 2018, it was a record-setting year for Manhattan’s office-leasing market. Leasing activity...

Morgan Stanley’s offices are getting a millennial makeover

Morgan Stanley is revamping its offices to bring techies and brokers closer — and to attract millennials. Over the...

Here’s what the $10M-$20M investment-sales market looked like last week

In the world of mid-market New York City investment sales last week, religious organization Jews for Jesus acquired a...

Eretz pays $70M for Midtown office building

Abe Talassazan’s Eretz Group bought a Midtown office building that was once home to actress and Hearst mistress Marion Davies. The firm purchased 9 East 40th Street for $70.3 million, according to property records...

Will Google’s huge appetite transform a vibrant slice of Manhattan?

From the March issue: It started as a lease expansion. But Google — in its quest for dominion over Chelsea...

Landlords may struggle to fill an influx of new office space coming to market

From the February issue: When BlackRock finalized a deal last year for 847,000 square feet at 50 Hudson Yards —...

Manhattan office rents saw first annual decline since Great Recession

Manhattan’s office market saw average asking rents fall in 2017 for the first time in seven years, as landlords...

The top office rental market is… Dallas?

According to a Cushman & Wakefield study, Dallas-Fort Worth was the top office market last year with about 4.7...

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