Downtown now the last value proposition in Manhattan

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New York chart of the week: September 15, 2014

PowerPoint Presentation

  • Relocations have represented 56.3 percent of new Downtown leases from 2010 to present
  • Creative firms represent 33.0 percent of relocations since 2010–an indicator that “non-traditional” tenants have increasingly considered the market
  • Despite new construction activity and conversions, Downtown net effective rents have not kept pace with Midtown or Midtown South

Source: JLL Research

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One thought on “Downtown now the last value proposition in Manhattan

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