| Fintech emerges as high-growth industry as financial services companies continue to invest in technology | /850/manhattan-4-16-18-fintech-emerges | <img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-hand-computer-keyboard-technology.jpg?RenditionID=6" style="BORDER:0px solid;" /> | /united-states/en-us/research/snapshots/850/manhattan-4-16-18-fintech-emerges | Fintech emerges as high-growth industry as financial services companies continue to invest in technology | Manhattan saw more financial technology (fintech) leasing in 2017 than it had in the previous three years combined, indicating the industry’s serious growth potential. | | | |
| JPMorgan Chase first to take advantage of East Midtown Rezoning | /804/new-york-3-26-18-jpmorgan-chase-and-east-midtown | <img alt="" src="/united-states/en-us/PublishingImages/Snapshots/office-building-high-rise-blue-sky.jpg?RenditionID=6" style="BORDER:0px solid;" /> | /united-states/en-us/research/snapshots/804/new-york-3-26-18-jpmorgan-chase-and-east-midtown | JPMorgan Chase first to take advantage of East Midtown Rezoning | The NYC Department of Planning passed the East Midtown Rezoning in August 2017. | | | |
| Recent activity suggests a westward shift in Manhattan’s center of gravity | /743/new-york-3-5-18-westward-shift | <img alt="" src="/united-states/en-us/PublishingImages/Snapshots/office-building-modern-high-rise.jpg?RenditionID=6" style="BORDER:0px solid;" /> | /united-states/en-us/research/snapshots/743/new-york-3-5-18-westward-shift | Recent activity suggests a westward shift in Manhattan’s center of gravity | 74 percent of all large relocations, by square footage, since 2014 represented movement either West or South; with the majority coming from the Grand Central and Plaza District districts. | | | |
| Coworking firms cluster in lower cost districts | /720/manhattan-2-26-18-coworking-firms-cluster | <img alt="" src="/united-states/en-us/PublishingImages/Snapshots/interior-office-cubes-birdseye-view.png?RenditionID=6" style="BORDER:0px solid;" /> | /united-states/en-us/research/snapshots/720/manhattan-2-26-18-coworking-firms-cluster | Coworking firms cluster in lower cost districts | Distinct clustering of firms have been found in the upper Midtown South market (Chelsea and Gramercy Park) and in the Financial District. | | | |
| Upper Fifth Avenue rents stagnate while availabilities rise gradually | /695/new-york-retail-2-19-18-upper-fifth-avenue | <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/695/new-york-retail-2-19-18-upper-fifth-avenue | Upper Fifth Avenue rents stagnate while availabilities rise gradually | Asking rents for ground floor space in the upper portion of Fifth Avenue (extending from 49th Street to 60th Street) were $2,494 per square foot in the fourth quarter of 2017, down from $2,710 per square foot in Q4 2016. | | | |
| 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-market | Desirability and new developments have propelled the Meatpacking District to the top of the market | Minimal 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. | | | |
