Midtown Manhattan remained the most active submarket for the city’s largest office leases in 2017, according to the second annual Avenue Report, produced by the Avenue of the Americas Association and member company Rockefeller Group, based on an analysis of office leasing data compiled by CoStar Inc.
In particular, the West Side of Manhattan, led by Sixth Avenue, saw the majority of office leasing last year, or 29 of the 50 largest leases. Sixth Avenue ranked first among all locations in Manhattan for the second consecutive year, accounting for 10 of the 50 largest leases and a total of 3.27 million square feet, up nearly 42 percent from 2.31 million square feet in 2016. View the full report at the link below:
