Manhattan for Rent

Office leasing for Manhattaners is finally becoming easier.  Landlords are offering significantly sweeter deals these days to make it more attractive for business people to find space to lease.  This is a response to companies reducing the space they want to rent as well as the addition of new buildings throughout New York.

The Savills Studley Report showed that in the last three months there was a 32 percent increase in Manhattan leasing to 9.1 million square feet (substantially greater than the historical 7.5 million average). As such, asking rents dropped 2.2 percent in Q3 2017 to $73.21 per square foot.