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Manhattan lease terms surpass pre-pandemic averages Manhattan lease terms now surpass pre-pandemic averages, reflecting a strong market rebound and increased demand...

Manhattan trophy and class A properties see significant decreases in availability rate Manhattan trophy and class A properties see significant decreases in availability rate...

6.2% of Manhattan inventory commanded triple-digit base rents in 2024 6.2% of Manhattan inventory commanded triple-digit base rents in 2024 https://www.avisonyoung.us/w/friendly-journal-URL ...

Manhattan’s Park Avenue availability rate hits lowest value since 2018 Manhattan’s Park Avenue availability rate hits lowest value since 2018 https://www.avisonyoung.us/w/friendly-journal-URL The...

Manhattan 2024 leasing activity leads post-COVID recovery among major markets Manhattan 2024 leasing activity leads post-COVID recovery among major markets...

Manhattan office busyness continues to outrun the overall U.S. Manhattan office busyness continues to outrun the overall U.S. https://www.avisonyoung.us/w/friendly-journal-URL As of July 2024,...

The tale of two markets: pre- and post-2010 construction in Manhattan https://www.avisonyoung.us/w/friendly-journal-URL Manhattan buildings constructed before 2010 have experienced an increase in...

Manhattan law firms and media/entertainment companies are outpacing last year’s busyness https://www.avisonyoung.us/w/friendly-journal-URL According to the Avison Young Busyness Index, law firms...

Large block leases are taking a larger share of the Manhattan office market https://www.avisonyoung.us/w/friendly-journal-URL Through the first half of 2023, leases of 100,000 square feet or...

Manhattan Office Leasing Snapshot by Industry: What Insights Can We Gain? manhattan-office-leasing-snapshot-by-industry-what-insights-can-we-gain- Banking, finance, insurance, and real estate...

FIRE tenants continue to dominate Manhattan office leasing activity https://www.avisonyoung.us/w/friendly-journal-URL From pre-COVID (2018 to March 2020) to post-COVID (April 2020 to Present), the...

Occupiers in Manhattan continue to commit to top-tier office space https://www.avisonyoung.us/w/friendly-journal-URL Starting even before the pandemic, from 2015 to 2019, office occupiers...

Precursor for future demand? Major industries in Manhattan are receiving optimistic funding so far in 2024 https://www.avisonyoung.us/w/friendly-journal-URL Office-using industries in Manhattan...

Manhattan’s available sublease space has seen consistent quarterly decreases since this time last year https://www.avisonyoung.us/w/friendly-journal-URL Available sublease space in Manhattan,...

Do certain industries in Manhattan commit to longer lease terms than others? https://www.avisonyoung.us/w/friendly-journal-URL Through 2023, the average length of lease terms in Manhattan stood at...

Concessions for renewals in Manhattan remain elevated https://www.avisonyoung.us/w/friendly-journal-URL In Manhattan, landlords are providing unprecedented concession packages to current tenants as...

Active industries in 2023 will continue to lead Manhattan demand in 2024 https://www.avisonyoung.us/w/friendly-journal-URL In 2023, tenants in the FIRE sector (Finance, Insurance, and Real Estate)...

Manhattan job postings uptick, while share of remote jobs holds steady https://www.avisonyoung.us/w/friendly-journal-URL Since the onset of the pandemic in early 2020, the percentage of remote job...

Manhattan Law firms’ share of leasing activity approaching 2010 levels https://www.avisonyoung.us/w/friendly-journal-URL Historically, law firms have become more active in the market when they...

Which submarkets have outperformed in Midtown Manhattan? https://www.avisonyoung.us/w/friendly-journal-URL Analyzing the current availability rate in comparison to the post-COVID change in...

Manhattan office employment and job postings tell two distinct stories https://www.avisonyoung.us/w/friendly-journal-URL Job postings serve as a reliable leading indicator of future employment and...

Manhattan tenants are signing longer term leases in higher quality assets https://www.avisonyoung.us/w/friendly-journal-URL As the future office landscape continues to evolve, certain tenants...

A subset of large buildings make up a majority of Manhattan's office space availability https://www.avisonyoung.us/w/friendly-journal-URL As of Q2 2023, the Manhattan office market included 103.3...

Concessions for Manhattan Class A properties now equate to 24% of the total rent throughout the lease term https://www.avisonyoung.us/w/friendly-journal-URL Before COVID, tenants received an...

The Manhattan office market is set to experience further distress as CMBS loan maturities draw near. https://www.avisonyoung.us/w/friendly-journal-URL The Manhattan office market has encountered...