In a show of the continued strength of New York City’s technology industry, two of the web’s streaming music giants have signed leases for major expansions into new Manhattan office space.
Archive | Market Analysis
Hello, Silicon Triangle? Plan for Downtown Brooklyn Aims to Grow Borough’s $6B Tech Industry
By Stephen Del Percio on June 24, 2013 in Brooklyn, Brooklyn Navy Yard, Dumbo, Intellectual Property & Technology, Market Analysis, New York City, Urban Planning, Zoning
The Brooklyn Tech Triangle coalition is making a push for major development and infrastructure changes to downtown Brooklyn in order to help grow the borough’s booming technology industry.
In Helsinki, Finnish Real Estate Concern Closes Its First Green Lease
By Stephen Del Percio on June 11, 2013 in Europe, Green Leases, Leases, Market Analysis, Retail, Transactions
Some persisting trends in commercial leasing abroad could suggest how future green leasing markets in North America might look if data-driven regulatory activity increases at the state and local levels.
770 Broadway Friended: Facebook NYC Expanding at LEED Silver Vornado Tower
By Stephen Del Percio on June 6, 2013 in 770 Broadway, Greenwich Village, Historic Preservation, Leases, LEED-CI, LEED-EB, Manhattan, Market Analysis, New York City, Transactions
Facebook’s 100,000-square-foot lease at the LEED-EB: OM Silver 770 Broadway is the latest in a string of technology industry transactions, not all of which have closed in the ballyhooed Silicon Alley submarket.
Times Square Tech Takeover Continues with New Yahoo! NYC Offices
By Stephen Del Percio on May 28, 2013 in Intellectual Property & Technology, Leases, Manhattan, Market Analysis, New York City, Times Square, Transactions
87 percent of the leasing transactions in the Times Square submarket over the past 18 months have been tech deals. Now Yahoo! is about to join the fray.
With 1 World Trade Center Topped Out, Industry Expects Rest of Tenants Will Come
By Stephen Del Percio on May 20, 2013 in 1 World Trade Center, Financial District, LEED-NC, Manhattan, Market Analysis, New York City, Transactions, Urban Planning, World Trade Center
1 World Trade Center is topped out at its patriotic final height of 1776 feet. But there’s still work to be done as the tower remains at 55 percent occupancy.
Mid-Sized Midtown Office Buildings Earn LEED-EB: OM Certification
By Stephen Del Percio on May 14, 2013 in LEED-EB, Manhattan, Market Analysis, Midtown, New York City
Two mid-sized commercial office buildings in Midtown recently earned LEED-EB certification, pushing New York City’s total -EB count to 44 properties.
Midtown South Buzz: Tech Firm Doubles Space in Move to 200 Fifth Avenue
By Stephen Del Percio on May 3, 2013 in Flatiron, Intellectual Property & Technology, Leases, LEED-CS, Manhattan, Market Analysis, New York City, Silicon Alley, Transactions
BuzzFeed is doubling its office footprint in Midtown South by subleasing nearly 58,000 square feet from Tiffany at the LEED for Core and Shell Gold-certified 200 Fifth Avenue.
A New Generation: Pepsi’s First Manhattan Office Lease is at 350 Hudson Street
By Stephen Del Percio on March 21, 2013 in Hudson Square, Leases, Manhattan, Market Analysis, New York City, Transactions, Zoning
It’s a new generation – of both Pepsi drinkers and for the newly rezoned Hudson Square submarket, where PepsiCo’s first Manhattan offices will be located by the end of the year after the company’s recent lease at 350 Hudson Street.
Office & Retail Tenants Sign Four More Deals at 11 Times Square
By Stephen Del Percio on February 25, 2013 in 11 Times Square, Leases, LEED-CS, Manhattan, Market Analysis, New York City, Times Square, Transactions
The 40-story, 1.1 million-square-foot 11 Times Square – certified LEED for Core and Shell Gold – has leased 70 percent of its office space and all of its retail space after four recent deals totaling 75,000 square feet.
