Monthly Archives: February 2018

Heightened demand and new developments have propelled the Meatpacking District to the top of the market

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  • The desirability of the Meatpacking District (in part by fueled by Google’s move to 111 Eighth Avenue back in 2005 and its continued development of a “campus” in the micromarket) has encouraged developers to build boutique office buildings, which are commanding rents well above the market average. Opportunistic landlords are taking advantage of Meatpacking’s status as a trendy and hip place to be.
  • Six new developments—three complete and three impending, totaling 787,989
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What’s on the horizon for NJ incentives?

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With a new governor at the helm in New Jersey, and the Grow NJ program scheduled to sunset in mid-2019, the market is curious about the future state of economic incentives in the Garden State.

Our expectation is that the existing Grow NJ program, which has provided among the nation’s most lucrative incentives in recent years, will be amended or replaced over the next eighteen months rather than extended in its current… Read More

Manhattan’s Class A office market finishes 2017 strong

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Class A office product dominated Manhattan in the last quarter of 2017, as detailed in the Q4 2017 Office Insight report recently released by JLL Research. This “flight-to-quality”… Read More