Property News · October 31, 2017

Manhattan office leasing picks up as landlords sweeten deals


Office leasing in New York’s Manhattan district is on the rise – thanks in large part to deal sweeteners offered by landlords.
With big companies reducing space and new towers rising across New York, office owners are trying to attract tenants by lowering asking rents and shelling out cash to fix up properties. Such moves helped prop up demand in the third quarter, according to a new report by Savills Studley. Manhattan leasing soared 32 per cent from the previous three months…

Source : South China Morning Post
Read more…Manhattan office leasing picks up as landlords sweeten deals

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