by Joseph Armano | May 13, 2025 | Newsletter
The New York City Real Estate market has continued its rebound through April 2025. Manhattan’s office leasing activity reached 12.2 million square feet in Q1 2025, the highest since late 2019, indicating strong demand for office space. In April alone, leasing...
by Joseph Armano | Mar 11, 2025 | Newsletter
Optimism Abounds Manhattan’s office market exhibits signs of recovery, characterized by increased leasing activity, a decline in availability rates, and renewed investor interest. Leasing Activity: Strong Start to 2025: Year-to-date office leasing...
by Joseph Armano | Dec 31, 2024 | Newsletter
Recent trends in New York City’s office usage and return-to-work mandates indicate a significant shift towards pre-pandemic norms. As of October 2024, office visitation rates reached 86.2% of 2019 levels, suggesting a decline in the work-from-home trend that...
by Joseph Armano | Oct 29, 2024 | Newsletter
Leasing activity totaled 5.47 million square feet the third quarter of 2024, 8.0% greater than the five-year quarterly average. Year to date leasing activity is up 32.0% from the prior year. The availability rate was down 80 basis points from the second quarter of...
by Joseph Armano | Aug 28, 2024 | Newsletter
New York City’s new office construction has declined for seven consecutive quarters. Contributing to this slowdown is the fact lenders have grown more risk-averse regarding the office sector, with a lack of clarity about long-term tenant demand...
