REPORT: Manhattan Market Overview (4Q 2018)

Manhattan office leasing volume reached a record high of 37.0 million square feet in 2018. Contributing to the rise, was financial services, insurance and real estate (FIRE) activity that was heavily supported by a growing share of co-working throughout the year. In addition, a significant number of large tenants renewed their leases and expanded their footprints during the year. These included three leases that were executed in the fourth quarter, each for office space of 350,000 square feet or more.