Tag Archives: Times Square

Times Square retail is on a roll

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•Times Square continues to show signs of prosperity as availability in the corridor dropped to 5.9 percent in the second quarter, the lowest of all submarkets tracked by JLL Research.

•The area benefited from the marked decrease in asking rents that has been observed city-wide; the current average of $1,833… Read More

Midtown trophy rents at highest level in three years

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New York’s Trophy Buildings Continue to Outperform Larger Market

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While Manhattan’s growing economic diversification into high-tech and other creative industries is welcome news for the larger economy, JLL New York’s research team has found that financial and legal services continue to drive occupancy and pricing at the top of the market. The majority of New York’s most expensive properties remain clustered around the… Read More