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Times Square is on a roll /1034/new-york-7-16-18-time-square-on-a-roll<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/retail-people-shopping-feet-bags.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1034/new-york-7-16-18-time-square-on-a-rollTimes Square is on a roll Times Square continues to show signs of prosperity as availability in the corridor dropped to 5.9 percent in the second quarter, the lowest of all submarkets tracked by JLL Research.
New York City’s economy continues to diversify this cycle/1005/manhattan-6-25-18-economy-continues-to-diversify<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/office-people-working-urban.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1005/manhattan-6-25-18-economy-continues-to-diversifyNew York City’s economy continues to diversify this cycleRecent labor market diversification is causing seismic changes in local office fundamentals.
Avenue of the Americas outperforms expectations, leading all Midtown core avenues in recent quarters/934/new-york-5-21-18-avenue-of-the-americas-leading<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-red-panel.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/934/new-york-5-21-18-avenue-of-the-americas-leadingAvenue of the Americas outperforms expectations, leading all Midtown core avenues in recent quartersSince Q1 2017, Avenue of the Americas has seen five straight quarters of positive absorption in the Class A segment, a total of 1.6 million square feet.
Flex providers, relocations from Manhattan drive Brooklyn leasing activity/904/new-york-5-7-18-flex-providers<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-exterior-windows-architecture-scenery.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/904/new-york-5-7-18-flex-providersFlex providers, relocations from Manhattan drive Brooklyn leasing activityFlexible space providers have accounted for nearly 1/3 of all new, private sector leasing activity since 2015.
Ground floor availabilities smaller in Q1, potentially in response to changing retailer needs/885/new-york-retail-4-30-18-ground-floor-availabilities-shrink<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/woman-people-shopping0-retail.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/885/new-york-retail-4-30-18-ground-floor-availabilities-shrinkGround floor availabilities smaller in Q1, potentially in response to changing retailer needsIn accordance with a city-wide trend of decreasing store formats, the average size for ground floor available retail space decreased in nearly all the prime submarkets tracked in the first quarter of 2018
Flight to Quality in Manhattan creates feast for Class A, famine for Class B as absorption imbalance deepens/869/manhattan-4-21-18-feast-for-class-a<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-modern-building-structure-jll.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/869/manhattan-4-21-18-feast-for-class-aFlight to Quality in Manhattan creates feast for Class A, famine for Class B as absorption imbalance deepensFrom 2010 to 2017, Class A office product in Manhattan captured 15.8 million square feet of absorption, while Class B only saw 1.9 million square feet - a difference of almost 14 million square feet.