by Joseph Armano | Oct 5, 2021 | Newsletter
Armano Real Estate October NewsletterThe Market has Bottomed, but will the 20’s Roar? Greater New York’s office utilization rose to 28.1% in the week through Sept. 15, climbing for the first time above 25% during the...
by Joseph Armano | Jul 22, 2021 | Newsletter
August Newsletter Re-Occupying NYC – Office Market Bottoming Out Leasing activity in Manhattan for the three months through June 30 totaled 3.47 million square feet, rising 20% from the first quarter, according to market sources. Other positive...
by Joseph Armano | Jun 10, 2021 | Newsletter
June 2021 Re-Occupying NYC – Substantial Office Lease Cost Savings New York City office availability rates reached an all-time high in May 2021. Availability rates across all submarkets and building classes were 18.6% and occupancy rates 13%...
by Joseph Armano | Apr 14, 2021 | Newsletter
April 2021 First Quarter Market Update The New York City office market remains weak as the supply of both direct and sublet space has increased substantially and most workers remain at home. The amount of available space on a direct basis has increased by more than...
by Joseph Armano | Feb 3, 2021 | Newsletter
February, 2021The Manhattan office market weakened considerably in the fourth quarter of 2020. A rapid addition of both direct and sublease space pushed overall market availability up to 15.1%, a 400-basis point increase over the prior year according to market...
by Joseph Armano | Dec 17, 2020 | Newsletter
December 2020 The pandemic continues to devastate the New York City commercial real estate market. Leasing activity dropped to 4.7 million square feet in the third quarter of 2020, a 44.9% decline over the same quarter in 2019 according to market sources. Market...
