Tag Archives: advertising

Q1: Returned blocks combined with slower leasing activity to drive vacancy higher

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New York Office Outlook | Q1 2015

JLL’s New York Research team has just released its New York Office Outlook for the first quarter – a wrap-up of leasing activity in Manhattan, including Class A vacancy and asking rates, along with a snapshot of conditions in capital markets.

Report highlights are as follows:

  • A number of available blocks of space—most of which had been anticipated by the market—were added during the first quarter that
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TAMI tenants lead large lease activity YTD

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New York Chart of the Week: October 6, 2014

PowerPoint Presentation

  • 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
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Is the Penn Plaza/Garment submarket becoming the new TAMI frontier?

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New York Chart of the Week: August 25, 2014

PowerPoint Presentation

  • The TAMI (tech, advertising, media, and information) sector has increasingly migrated to the Penn Plaza/Garment District—the sector’s office footprint in the submarket has grown to 21 percent from 14 percent in 2012.
  • Though the TAMI sector occupies 46 percent of the neighboring Chelsea submarket, the sector’s Penn
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FIRE tenants dominate Manhattan market, but smaller in size

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New York City Chart of the Week: August 11, 2014

PowerPoint Presentation

    • FIRE (Finance, Insurance, Real Estate) tenants currently seek smaller footprints relative to other sectors, likely due to fluid leasing activity at the top end of the market. These companies are the most active in the market (26.4 percent of total current demand) as economic conditions
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