New York Chart of the Week: October 6, 2014
- TAMI (technology, advertising, media, information) tenants have dominated large lease activity (leases greater than 100,000 square feet) YTD. TAMI accounted for 39.4 percent of all large leases signed compared with 20.7 percent of activity just one year ago.
- Through Q3 2013, FIRE (finance, insurance, real estate) tenants represented 31.0 percent of transactions, but their market share has since fallen behind TAMI to 27.3 percent YTD.
- TAMI activity has increased largely due to sustained employment growth; in contrast, financial services jobs remain well below the pre-recession peak.
Source: JLL Research