Manhattan Office Market Leasing Sets 5-Year Record

Law360, New York (February 13, 2014, 6:27 PM EST) -- All three Manhattan commercial leasing markets — midtown, midtown south and downtown — exceeded their five-year monthly leasing averages in January, leasing a total of 2.83 million square feet of office space, according to CBRE Group Inc. data released Wednesday.

In midtown, leasing activity totaled 1.68 million square feet, 36 percent above that submarket's five-year monthly average of 1.23 million square feet. Midtown south more than doubled its five-year monthly average of 360,000 square feet, and downtown saw about 30,000 square feet more leased in January...
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