{"id":59751,"date":"2017-07-04T17:00:35","date_gmt":"2017-07-04T10:00:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lower-manhattan-office-rents-peak-as-revived-downtown-booms\/"},"modified":"2017-07-04T17:18:11","modified_gmt":"2017-07-04T10:18:11","slug":"lower-manhattan-office-rents-peak-as-revived-downtown-booms","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lower-manhattan-office-rents-peak-as-revived-downtown-booms\/","title":{"rendered":"Lower Manhattan office rents peak as revived downtown booms"},"content":{"rendered":"


\nAsking rents for office space in downtown New York hit a record high in May as construction of a new tower at the World Trade Center and the migration of firms to a revitalised Lower Manhattan helped lift rental rates, brokerage CBRE Group Inc said.
\nThe average rent landlords are seeking in downtown climbed to $62 a square foot last month when the addition of 1.7 million sq ft at 3 World Trade Center is added to the office space available for lease, the brokerage said.
\nSince January 2011, 393…
\n
\nSource : South China Morning Post
\nRead more…Lower Manhattan office rents peak as revived downtown booms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Asking rents for office space in downtown New York hit a record high in May...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-59751","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fxJ","jetpack-related-posts":[{"id":59312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lower-manhattan-office-rents-hit-peak-as-revived-downtown-booms\/","url_meta":{"origin":59751,"position":0},"title":"Lower Manhattan office rents hit peak as revived downtown booms","date":"June 30, 2017","format":false,"excerpt":"\r Office space rent in downtown New York hit a record high in May, driven by firms based in tech, advertising and media.\r \r Source : cnbc.com\r Read more...Lower Manhattan office rents hit peak as revived downtown booms","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-new-york-city-hit-record-highs\/","url_meta":{"origin":59751,"position":1},"title":"Office rents in New York City hit record highs","date":"April 4, 2017","format":false,"excerpt":"\r The average rent being asked by landlords for office leases hit a record high in Manhattan in the first quarter as historically low unemployment fueled the jobs market and leasing activity was above average, brokerage Colliers International said on Monday. Asking rents rose to US$73.92 a square foot in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41110,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-office-landlords-scramble-to-keep-tenants-as-demand-falters\/","url_meta":{"origin":59751,"position":2},"title":"Manhattan office landlords scramble to keep tenants as demand falters","date":"January 19, 2017","format":false,"excerpt":"\r Manhattan office landlords are facing falling rents and heightened competition, spurring unprecedented spending to accommodate tenants. Effective rents, the amount paid after concessions, slid 7 per cent in the fourth quarter from the previous three months to an average of US$57.18 a square foot, according to brokerage Savills Studley.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83125,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattan-landlords-race-to-fill-flats-in-declining-market\/","url_meta":{"origin":59751,"position":3},"title":"Manhattan landlords race to fill flats in declining market","date":"March 19, 2018","format":false,"excerpt":"\r Flats rents are dropping in Manhattan, and so is the patience of landlords. Units that found tenants in February spent an average of just 34 days on the market, the shortest stretch since October 2011, as owners cut rents, offered incentives and did whatever else they could to fill\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/manhattans-peak-leasing-season-flattened-by-july-rent-declines\/","url_meta":{"origin":59751,"position":4},"title":"Manhattan\u2019s peak leasing season flattened by July rent declines","date":"August 15, 2017","format":false,"excerpt":"\r For Manhattan landlords, Christmas usually comes in July, a month when demand for apartments surges and rents go up. Not this year. Leasing costs in the borough dropped 1.9 per cent from July 2016, the first decline for the month in at least five years, according to a report\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7754,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-prime-dubai-sites-costly-but-rates-fall-elsewhere\/","url_meta":{"origin":59751,"position":5},"title":"Office rents in prime Dubai sites costly but rates fall elsewhere","date":"March 13, 2016","format":false,"excerpt":"\r \r Property developers in Dubai will complete another 450,000 square metres of office towers this year, putting more pressure on rents and potentially giving relief to businesses affected by tougher economic conditions.The glut of new stock equates to 7 per cent of the city's total 6.61 million sq metres\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59751"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=59751"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59751\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}