Thank Bloomberg for a Rosy Month of Manhattan Office Leasing
Office tenants signed just under 3 million square feet of deals in Manhattan last month, up 70 percent from the same period last year.
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Office tenants signed just under 3 million square feet of deals in Manhattan last month, up 70 percent from the same period last year.
Office leasing volume fell 39.4 percent in the first month of 2024, according to a Colliers report.
New York City's office leasing and investment sales markets have declined significantly this year. Everyone is hoping for a better 2024.
The Manhattan office market saw a bright spot last month with a 58 percent spike in leasing volume compared to September.
Landlords are losing more money to tenant concession than before the pandemic with higher-end assets baking in more giveaways to sign deals.