Skip Ribbon Commands
Skip to main content

Skip Navigation LinksSnapshots

 

 

Desirability and new developments have propelled the Meatpacking District to the top of the market/656/new-york-2-5-18-meatpacking-district-top-of-market<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-office-exterior-japan.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/656/new-york-2-5-18-meatpacking-district-top-of-marketDesirability and new developments have propelled the Meatpacking District to the top of the marketMinimal supply (0.1% Class A vacancy in 2011) and high demand have stimulated new developments in the Meatpacking District – transforming the micromarket into one of the most desirable office districts in the country.
Continued demand from small-to-midsize financial services tenants in Midtown/632/new-york-1-29-18-continued-demand-from-financial<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-meeting2.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/632/new-york-1-29-18-continued-demand-from-financialContinued demand from small-to-midsize financial services tenants in Midtown​The chart above demonstrates the strong demand from small-to-mid sized financial services sector tenants in Midtown, where finance firms predominantly reside.
Downtown leasing activity in 2017 highlights demand for well-located, high-quality product/618/new-york-1-22-18-downtown-leasing-activity<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-moderncity.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/618/new-york-1-22-18-downtown-leasing-activityDowntown leasing activity in 2017 highlights demand for well-located, high-quality product​Lower Manhattan saw 6.7 million square feet of leasing activity in 2017, surpassing 2015 and 2016 leasing levels by 45 and 55 percent, respectively.
Starting rents segmented by industry demonstrate vastly different leasing strategies/598/new-york-1-16-18-highest-paying-manhattan-office-tenants<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-walking-shopping.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/598/new-york-1-16-18-highest-paying-manhattan-office-tenantsStarting rents segmented by industry demonstrate vastly different leasing strategies​The 'war for talent' accelerated leasing activity and thus rent growth in some of the most amenity-rich districts in Manhattan, namely in Midtown South and Hudson Yards / Manhattan West.
Times Square surges with new, large-block leases/560/new-york-retail-12-18-17-time-square-surges<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/560/new-york-retail-12-18-17-time-square-surgesTimes Square surges with new, large-block leases​Increased activity in Times Square was a major highlight of the third quarter, where four of the quarter’s five largest leases were signed.
Overall venture funding surges in Q3, but tech’s share falls/460/new-york-11-6-17-venture-funding-surges<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-geometric-texture-background.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/460/new-york-11-6-17-venture-funding-surgesOverall venture funding surges in Q3, but tech’s share falls​After WeWork closed two mega-funding rounds totaling almost $2.5 billion in the third quarter, New York City venture capital surged to its highest quarterly total on record.