Tag Archives: Rental Rates

Brooklyn rents increase as new product comes on line

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An interesting statistic from JLL Research: new office product coming to market in Brooklyn has asking rents that represent a 61 percent premium to previously existing product, a level in line with Downtown Manhattan asking rents. In fact, DUMBO asking rents ($65.35 per s.f.) have now surpassed Downtown Manhattan asking rents ($60.87 per s.f.). And nearly 40 percent of space currently available in Brooklyn and Long Island City are in buildings… Read More

Five Key Themes Shaping the Skyline – #2 Navigating the Gap: Trophy vs. Non-trophy

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Number2_SkylineAs in past print editions, the JLL Skyline Report will continue to explore the trends that shape North American real estate markets.

Navigating the rent Gap:  Trophy vs. Non-trophy

In a previous post we discussed the increase in Trophy rental rates in New York and across the country.  Our JLL research team has… Read More

Five Key Themes Shaping the U.S. Skyline – #1 Not Everyone Gets a Trophy

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As in past print editions, the JLL Skyline Report will continue to explore the trends that shape North American real estate markets.

#1 – Not Everyone Gets a Trophy
When it comes to the Trophy classification, JLL research indicated that for the average city skyline, the Trophy rental rate was 77% higher than the non-Trophy rate. Keeping on trend, Manhattan’s trophy inventory outperformed the balance of the market, posting some of… Read More