Tag Archives: starting rent

Midtown South records third consecutive year of double digit rent growth

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New York Chart of the Week

PowerPoint Presentation

 

  • The overall average starting rent in Midtown South has increased by 70.5 percent since its post-recession low in 2010.
  • Similarly, landlord concessions have risen as well. From 2011 to 2014, the average TI allowance more than doubled to $40.58 per square foot and free rent climbed from 4.9 to 6.7
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Chart of the Week: Top rents clustered in the Plaza District

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New York Chart of the Week: July 7, 2014

PowerPoint Presentation

  • Trophy assets in the Plaza District command the highest rents in Manhattan with an average direct asking rent of $104 per square foot
  • Year-to-date, there have been 32 leases with a starting rent of $100+ per square foot, compared with 29 at this time last year
  • Assets with
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