NYC Office Rental

NYC Office Rental Market, the Pandemic and Future The pandemic is having a profound effect on society, health and the economy of New York City. The long term impact on the NYC office rental market remains unknown in spite of countless predictions (often contradicting) from industry-related spokespersons including economists, building owners, brokers, architects, etc. Our…

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NYC OFFICE RENTAL REPORT, Year-End 2019 NYC OFFICE RENTAL REPORT, Year-End 2019 was compiled by Cogent Realty Advisors using data provided by Costar, the Commercial Real Estate Information Company.  Cogent Realty Advisors is licensed Tenant Representation Broker that works for business owners that lease office space. Established in 2002, Cogent Realty is 100% committed to…

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office report

NYC Office Market Report, Year-End 2018 NYC Office Market Report, Year-End 2018 was compiled by Cogent Realty Advisors using data provided by Costar, the Commercial Real Estate Information Company. This report is written for business owners that need accurate information about the local office market.   Cogent Realty Advisors is an independent and licensed NO FEE Realtor with 20 years…

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NYC office

NYC OFFICE MARKET REPORT, THIRD QUARTER 2018 NYC Office Market Report, Third Quarter 2018 was compiled using data provided by Costar, the Commercial Real Estate Information Company. This report is written for business owners that need accurate information about the local office market.    In the third quarter of 2018 the average quoted rent in the NYC office…

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NYC Office

NYC Office Market Report, Second Quarter 2018 NYC Office Market Report, Second Quarter 2018 was compiled using data provided by Costar, the Commercial Real Estate Information Company. This report is written for business owners that need accurate information about the local office market.  In the second quarter of 2018 the average quoted rent in the NYC office…

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NYC Office

NYC Office Market Report, Fourth Quarter 2017 NYC Office Market Report, Fourth Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company. In the fourth quarter of 2017 the average quoted rent in the NYC office market across all building classes was $65.96 per square foot. This represents a $0.26 PSF increase compared to…

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NYC Office Market Report, Third Quarter 2017 NYC Office Market Report, Third Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company. In the Third Quarter of 2017 the average quoted rent in the NYC office market across all building classes was $65.70 per square foot. This represents a $1.07 PSF increase compared to Q2.…

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NYC Office

NYC Office Market Report, Second Quarter 2017 NYC Office Market Report, Second Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company.     In Q2 2017 the average quoted rent in the NYC office market across all building classes was $59.93 per square foot. This represents a $5.48 per square foot decrease…

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NYC office

NYC Office Market Report, First Quarter 2017 NYC Office Market Report, First Quarter 2017 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 $65.41 per square foot with a vacancy rate of 8.40%.   For a more recent NYC Office…

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NYC Office Market

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%. For a more recent NYC Office Market Report  LINK HERE…

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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 Staff…

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Slowdown in Leasing

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 of…

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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 a more recent NYC Office Market Report  LINK HERE For comparison, at the end of the Second…

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NYC Office

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.…

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NYC Office Market

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.      …

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NYC office

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        …

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office

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,…

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nyc office rent

 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% increase…

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NYC Office Space

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 rate…

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Office Rental Rates in NY- 1st Quarter 2015 Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy was 8.1% in Q1 2015, unchanged from Q4 2014. The average quoted office rental rates in NY (across A, B and C Building Classes) increased to $57.00 PSF, up 1.95% over $55.91 in…

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