TAMI sector led 2014 Manhattan leasing activity
New York Chart of the week: January 12, 2015
- TAMI tenants, powered by steady employment growth, dominated total leasing activity in 2014, increasing their market share by 6.3 percentage points year-over-year.
- The FIRE sector (anchored by the recovering financial services industry) failed to maintain the top spot, declining by 4.4 percentage points from 2013 to 2014.
- TAMI tenants also led new lease activity in 2014, capturing 36.6 percent of all square feet leased in new transactions compared with 23.9 percent by the FIRE sector.
Source: JLL Research