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New York City Office Market

NYC Office Market Report, Year-End 2016

NYC Office Market Report, Year-End 2016

NYC Office Market Report, Year-End 2016 NYC Office Market Report, Year-End 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. The average quoted rent in the NYC office market across all building classes was $65.44 per square foot with a vacancy rate of 8.10%.   Year-over-year market comparisons are found in the tableContinue Reading

Real Estate News for New York Business, 2016 Year-End and 2017

Real Estate News for New York Business, 2016 Year-End and 2017  Real Estate News for New York Business, 2016 Year-End and 2017 is a selection of special interest reports from a variety of publications. Links are provided to original content.            2016 Another Banner Year for Commercial Real Estate  By CoStar News StaffContinue Reading

Office Leasing Slowdown Should Help Tenants in 2017

Office Leasing Slowdown Should Help Tenants in 2017

Office Leasing Slowdown Should Help Tenants in 2017 An office leasing slowdown should help Tenants in 2017 that are signing new or renewal leases. Help will come by way of: (1) Reduced Rental Rates: A modest reduction in office rental rates is expected.   (2) Increased Tenant Incentives: These can include: (a) the amount ofContinue Reading

NYC Office Market Report Third Quarter 2016

NYC Office Market Report Third Quarter 2016

NYC Office Market Report Third Quarter 2016 NYC Office Market Report Third Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Office Market Snapshot: $65.11 Average quoted rent  8.2% Amount of vacant space   For comparison, at the end of the Second Quarter of 2016 the average asking rent was $60.26 perContinue Reading

NYC Office Market Report, Second Quarter 2016

NYC Office Market Report, Second Quarter 2016

NYC Office Market Report, Second Quarter 2016 NYC Office Market Report, Second Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot:                                                $60.26 Average quoted asking rent.Continue Reading

NYC Office Market Report, First Quarter 2016

NYC Office Market Report, First Quarter 2016

NYC Office Market Report,  First Quarter 2016 NYC Office Market Report, First Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot:                                          $59.55 Average quoted asking rent.      Continue Reading

NYC Office Market Report, Year-End 2015

NYC Office Market Report, Year-End 2015

NYC Office Market Report,  Year-End 2015 NYC Office Market Report-  Year-End 2015 was compiled using data provided by Costar, the Commercial Real Estate Information Company.   Market Snapshot $59.58     Average quoted asking rent.     7.5%    Total amount of vacant space.       NYC OFFICE Market Comparison- 2015 & 2014        Continue Reading

The 10 Most Lucrative Office Leases of 2015

The 10 Most Lucrative Office Leases of 2015

The 10 Most Lucrative Office Lease of 2015 is an article (reprinted below) that appeared in The Real Deal on December 29, 2015. The Real Deal Magazine provides cutting edge news on the real estate market in New York City and beyond.      Inclusion on the “10 Most” list required the convergence of three factors- Size,Continue Reading

NYC Office Rent Report, Q3 2015

NYC Office Rent Report, Q3 2015

 NYC Office Rent Report, Q3 2015 NYC Office Rent Report, Q3 2015 was compiled using data provided by Costar, the Commercial Real Estate Information Company.    In the Third Quarter of 2015, the average asking rent across all building classes (A, B & C) was $59.90 per rentable square foot. This was a 2.6% increaseContinue Reading

NYC Office Space Cost in Q2 2015

NYC Office Space Cost in Q2 2015

NYC Office Space Cost in Q2 2015 The cost of NYC Office Space in the second quarter of 2015 increased 2.5% over the prior quarter. Costar, the Commercial Real Estate Information Company reports that the average quoted asking rent was $58.40 per square foot across all building classes compared to $56.99. The average vacancy rateContinue Reading

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