Find new tenants and maximize your New York real estate investments.
Our local commercial leasing agents are known as the most creative in the industry. They’re armed with up-to-date New York market research and trend information, and have a worldwide team of colleagues to draw on as needed.Given the opportunity to represent your property, your JLL team will develop a marketing plan that leverages multiple platforms, appropriate technologies and best practices to drive tenant interest, and negotiate the best possible terms on your behalf.
With renewals driving half of the top 20 leases across Manhattan year-to-date (as of Q1 2016), new space leases have dipped significantly. Last year, Manhattan saw 11 leases for new space signed during Q1 compared to just 6 this year. McGraw Hill Financial's 900,027-square-foot renewal at 55 Water Street was the quarter's largest lease.Overall market rent costs are now $72.57 per square foot (as of Q1)—a 4.6 percent jump year-on-year—with vacancy rates seeing a bounce following moderate activity across all submarkets.
Whether you're looking to enhance your building value, stabilize your occupancy, reposition your asset for sale or source your next acquisition, we have the connections and capabilities to ensure success.
Our 350+ U.S. landlord brokers are effective, connected dealmakers.
Case in point, in 2016 we successfully completed more than 5,350 office leases across the country. Whether you want to enhance your building value, stabilize your occupancy, reposition your asset for sale or source your next acquisition, we have the connections and capabilities to help you achieve your ambitions.
A representative will be in contact with you shortly.
See why in our new video series
Midtown Trophy vacancy (8.4 percent) is at its lowest level in three years, and Downtown Trophy vacancy (17.6 percent) is comfortably below 2013’s record high. With increased interest from less cost-sensitive tenants, landlords are increasing asking rents—as high as $175-200 per square foot for some future marquee availabilities in Manhattan.
Explore the Skyline
Find the resources you need to to buy, sell or finance an asset.
Improve your investment properties to attract and retain tenants, without having to worry about the details.
Improve the cost, efficiency and performance of your real estate portfolio.