Tag Archives: Time

Repositioned Brookfield Place Drives Downtown Absorption

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COW New York May 15 15

  • Formerly marketed as the World Financial Center, the downsize by Bank of America I Merrill Lynch at the 8.9 million-square-foot office complex resulted in a 2.6 percentage point increase in Downtown vacancy in 2012.
  • New leases by Time Inc., Hudson’s Bay, BNY Mellon, Jones Day, and others drove the
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New York office market posts lowest overall vacancy rates in two years

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Big deals by BNY Mellon, Time push down Lower Manhattan vacancy rates
Midtown South rents break record for 2nd consecutive quarter

NYCTenants signed a slew of deals for large blocks of space across Manhattan in the second quarter of 2014, a marked change from the steady stream of renewals the city recorded during the past two… Read More