We'll help you find the ideal office or industrial space in New York, and handle your lease negotiations.
Our focus is your success—lowering your real estate costs and risks while maximizing workplace flexibility and productivity. With a long track record representing both tenants and landlords, we understand what motivates each side in a lease negotiation.
As of Q1 2016, rent growth is up 4.6 percent year-on-year market wide—with Midtown seeing some potentially unexpected gains.
Despite rising vacancy rates and some rent price reductions from landlords, the submarket's average asking rent actually increased by one percent in Q1 to $81.09 per square foot. New construction and existing space in top-tier buildings like 390 Madison Avenue and 250 West 55th Street outweighed those reductions.
Creative tenants continue to look towards Midtown South, despite its record high rental rates. Companies view the location as a competitive advantage in attracting and retaining talent. Tech, advertising, media and information (TAMI) remain the drivers of the majority of the submarket's leasing activity.
Less than half of the more than 14.3 million square feet of space currently under construction is preleased (as of Q1 2016), with vacancies already sitting at 10 percent—the highest number since 2013.
Let us get to know you, your business and its goals. That information—paired with up-to-date real estate research, New York market expertise and long-standing industry relationships—helps us develop an occupancy plan specific to your company.
A representative will be in contact with you shortly.
Connect with a tenant representation broker.
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 tenant interest, rents are following suit, with some new Manhattan locations seeking $175-200 per square foot for future marquee availabilities.
Explore the Skyline
Minimize cost and risk by outsourcing your corporate real estate projects, from small office remodels to large-scale LEED construction.