Tag Archives: construction

One Vanderbilt unveils additional building details

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Across the street from JLL’s Midtown Manhattan office, one of New York City’s soon-to-be-tallest buildings is slowly emerging from the ground. One Vanderbilt, the 1,401-foot tower developed by SL Green, has now reached street level, and its official Instagram has been actively sharing both its progress and plans.

In addition to… Read More

U.S. office sector posts lowest vacancy rate of the recovery

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JLL has released its Q3 2014 United States Office Outlook

Q3USreport_blogOverall, the outlook for the U.S. economy is positive, with businesses continuing to invest more in people and products. Economic momentum is picking up, and tenants are continuing to expand.

On the investment sales side, activity is up 38 percent year-to-date, and investment profiles diversified. Most of the large deal flow was heavily concentrated in… Read More

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
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Chart of the Week: Midtown Class A rental growth

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New York Chart of the Week: July 14, 2014

PowerPoint Presentation

  • Like the greater U.S. economy, recovery in the Manhattan office market has been slow but tangible—most recent quarters have seen lower vacancy and higher rents.
  • This is uncharacteristic of the Manhattan market, where rental spikes are a routine part of the cycle. Since 1995, the Midtown Class
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