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Bigger Leases and Pricier Deals Mark Manhattan’s Office Market This Year

(COSTAR) - 3 months ago
 Shared work spaces, a rezoning of the eastern part of midtown Manhattan that may add 6.8 million square feet of commercial space, and development of the Hudson Yards district are shaping a surging office market this year in New York City. According to CoStar data, no fewer than 26 office leases have been signed in excess of 100,000 square feet each. That compares to 20 of leases of that size in the same time in 2017...
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