Q1 2018 Results are in: Manhattan asking rents, job growth, and investment sales rise while leasing
At 7.57 MSF, Manhattan’s first quarter leasing activity dropped 22.5% since 4Q 2017, according to Colliers International. Year-over-year, leasing was down by 17.8%. Last quarter, Manhattan leasing activity fell 18.9% below the five-year first quarter average, but 3.3% above the same ten-year average. Deals by FIRE (financial services, insurance and real estate) tenants led leasing by industry sector last quarter with a 45% share. Leasing by TAMI (technology, advertising, medi
