As rents rise in Midtown South and flexible office arrangements become harder to come by, an increasing number of technology companies are looking north: Felix/CityGrid Media is the latest to head back across 34th Street.
Archive | Market Analysis
With a Year to Go, Leasing Efforts at 1 World Trade Center Are Heating Up
By Stephen Del Percio on January 24, 2013 in 1 World Trade Center, Leases, Manhattan, Market Analysis, New York City, Transactions, World Trade Center
An aggressive new marketing campaign at One World Trade Center is aimed at foreign companies and hopes to fill up the 3 million-square-foot tower’s remaining 45 percent of available office space before opening its doors in early 2014.
The Perfect Storm: Green Light New York Releases Report on Retrofitting Daylight Controls in NYC Office Buildings
By Stephen Del Percio on January 16, 2013 in Building Performance, Intellectual Property & Technology, Market Analysis, New York City, New York Times Tower
“Let There Be Daylight” hopes to lay the foundation for increased daylighting controls in New York City office buildings, which could provide the city with up to $70 million in annual energy savings.
Manhattan LEED Buildings Land Large Q4 Leases with Sandow, AECOM
By Stephen Del Percio on January 10, 2013 in Financial District, Leases, LEED-EB, Manhattan, Market Analysis, New York City, Rockefeller Center, Transactions
Two high-profile LEED-EB-rated Manhattan office buildings signed major leases during the fourth quarter.
In City’s 3rd Largest 2012 Deal, Microsoft Boots Up 11 Times Square Lease
By Stephen Del Percio on January 7, 2013 in 11 Times Square, Intellectual Property & Technology, Leases, LEED-CS, Manhattan, Market Analysis, New York City, Times Square, Transactions
In a 220,000-square-foot deal, Microsoft has officially announced that it’s on the move from Sixth Avenue to the LEED Gold-certified 11 Times Square.
New York City’s Top 5 Stories in Green Building: 2012
As the year draws to a close, let’s take a quick look back at the five articles from 2012 that were the most popular (by total page views) here at gbNYC.
Transformation of Far West Side Begins as New York City Breaks Ground on Hudson Yards
By Stephen Del Percio on December 6, 2012 in Finance, Hudson Yards, LEED-NC, Manhattan, Market Analysis, New York City
In an effort that will completely redefine Manhattan’s far West Side, the city officially broke ground earlier this week on the massive Hudson Yards project, which will feature at least two LEED Gold office towers.
GSA Finally Signs 20-Year Lease and 1 WTC Is 55-Percent Filled
By Stephen Del Percio on July 19, 2012 in 1 World Trade Center, Leases, LEED-NC, Manhattan, Market Analysis, New York City, Transactions, World Trade Center
The U.S. General Services Administration has, finally, formally signed its 20-year, 270,000-square-foot lease for six floors (50 through 55) at the LEED Gold-hopeful 1 World Trade Center: rent is rumored to be in the low $50s per square foot.
At Empire State Building, LinkedIn Expands Its Office Space By Nearly a Third
By Stephen Del Percio on July 17, 2012 in Empire State Building, Leases, LEED-EB, Manhattan, Market Analysis, Midtown, New York City, Transactions
A year ago, green was the “key” for LinkedIn’s 25,000-square-foot lease at the world’s most famous office building. Now, the social network is expanding by 10,000 square feet in a 6-year deal that will start next February.
Despite Uncertain Markets, Hines Secures Construction Financing for 7 Bryant Park
By Stephen Del Percio on June 15, 2012 in 7 Bryant Park, Bryant Park, Finance, Manhattan, Market Analysis, New York City, Transactions
Houston-based Hines has secured construction financing that will allow it to proceed with 7 Bryant Park, a 28-story LEED-hopeful trophy office tower in Midtown.
