Friday 24 January 2020

Triple-digit office rents, once a rarity, are now a major piece of Manhattan deals

The list of office buildings that command triple-digit rents was limited just a few years ago to a handful of exclusive towers mostly in the Plaza District. But that’s not the case anymore. In submarkets like the Far West Side, Hudson Square and Bryant Park, office tenants inked a recorded 145 leases with starting rents at $100 per square foot or higher last year – a new record. What’s even more staggering is the fact



source https://therealdeal.com/2020/01/24/triple-digit-office-rents-once-a-rarity-are-now-a-major-piece-of-manhattan-deals/

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