Midtown South’s Rising Stars
Walk north on Broadway from Madison Square Park, and it’s hard to fathom that some of the highest retail rents in the city are paid just a few blocks away. Generic retailers with names like Fashion...
View ArticleNavigating Midtown South’s Dearth of Space with RXR Realty’s William Elder
William Elder has helped fuel immense growth as director of leasing and managing director of RXR Realty’s New York City platform. The firm now owns and operates what is soon to be nine million square...
View ArticleAvailable Sublease Space Declines
Available sublease space continues to decline and only accounts for 17.5 percent of overall Manhattan available space. At 8.2 million square feet, the available sublease supply has dwindled from 12...
View ArticleThe Manhattan Office Market: Absorbing It All
Although it’s still early in the year, net absorption for the Manhattan office market is looking healthy. Breaking the latest figures down by submarket and district level reveals a few cracks, but...
View ArticleMidtown Rent Round-Up
There has certainly been a lot of opining about the tightening of the Midtown South submarket and how asking rents there have been climbing sharply. At the same time, there have been questions...
View ArticleMidtown South as Relief Valve
Midtown South has been so hot lately it seemed just about ready to boil over. But April brought some relief in the form of additional blocks of space all across the submarket. In fact, each of the nine...
View ArticleMidtown South Showing No Signs of Slowing
The Midtown South submarket is flush with rising rents and new creative and tech companies moving in, and top real estate professionals at Commercial Observers’ panel event “The Evolution of Midtown...
View ArticleKaufman Organization’s Fred Leffel Talks Midtown South, Acquisitions and...
Slow is smooth and smooth is fast for Fred Leffel as he navigates the New York real estate playing field. As the president of new ventures at the Kaufman Organization, he knows the power of a slow...
View ArticleGreen Giant: Andrew Mathias on SL Green’s Changing Office Game
On SL Green’s website, there’s a map of the REIT’s properties where miniature versions of its offices dot the New York City grid like pieces on a gameboard. The lean and sharp-angled One Vanderbilt is...
View ArticleThe Power of One – SL Green Infuses History with Modernity at One Madison Avenue
New York City, at its core, is always in motion. To understand this dynamic, look at its commercial sector, which is a great barometer of where people are working, where new business hubs are emerging,...
View ArticleMidtown South’s Growing Sublet Supply
For the last decade, there hasn’t been much room for office tenants in Midtown South. In the Manhattan market, where a 10 percent availability rate is generally the agreed upon equilibrium point,...
View ArticleFinding Personal Success in Today’s Real Estate Market: Insights From Marks...
Commercial Observer’s Partner Insights team recently hosted Abe Schlisselfeld, Co-Partner-in-Charge of Real Estate at Marks Paneth LLP, for a discussion about a variety of topics including what sort of...
View ArticleCBRE: NYC’s Status as a Primary Tech Center Drives Jobs and Lease Rates
CBRE, the world’s largest commercial real estate services and investment firm, highlights the rising momentum in New York City’s rapidly expanding tech industry and its impact on driving office leasing...
View ArticleNew Kids on the Block: Inside Midtown South’s Boutique Office Renaissance
The growth of Manhattan’s boutique office market has accelerated in recent years, and nowhere is that more visible than in the prime corridors of Midtown South below 34th Street — neighborhoods like...
View ArticleThe Moinian Group Amps Up Leasing Success in a Tough Market
In a difficult market and throughout a challenging time, The Moinian Group, one of the largest privately held real estate groups in the U.S. with a portfolio of over 20 million square feet, has never...
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