Seven lease deals totaling 240,000 square feet in Midtown Manhattan show signs of life in the office market.
source https://www.globest.com/2021/11/16/nyc-office-leasing-gains-momentum-with-several-major-deals/
Seven lease deals totaling 240,000 square feet in Midtown Manhattan show signs of life in the office market.
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In its Q2 earnings call, Vornado CEO Steven Roth said the company was raising its asking rents at the PENN District.
But residential tenants seeking upgrades are driving apartment rents up.
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NPS-Tishman Speyer Thematic Platform will pursue high-demand asset classes in the US.
The technology secure identity company signed a 119,000-square-foot lease, nearly tripling its existing footprint.
Leasing activity increased 10.8% from September; a 52.9% year-over-year gain.
Global CRE investment totaled $350 billion, bringing the year-to-date total to $800 billion.
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