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Newcomers to Manhattan Retail Market Dominate Leasing Momentum

Retail leasing in some of the best shopping corridors in Manhattan is hitting capacity, and that can only be good for the market in the surrounding neighborhoods While generous concessions to tenants — such as flexible lease terms and up to six months of free rent — are still major factors cutting into landlords’ bottom lines, the reality is that the demand has only gained momentum coming out of the pandemic, according to CBRE. And dominating the upward trend between 2020 and 2023 has been retailers entering the New York City market for the first time. More than 1.56 million…

Publication Commercial Observer
Date 2024-03-12
Author Mark Hallum

Sixth Avenue reclaims title as Midtown’s No. 1 office-leasing corridor

Sixth Avenue has reclaimed its title as Midtown’s No. 1 office-leasing corridor, as measured by the least percentage of vacant space — the latest lead change in the never-ending bragging-rights battle with Park Avenue Colliers reports that Sixth Avenue’s fourth-quarter occupancy at 11.5% of space available was the lowest of any Midtown corridor and slightly bested Park Avenue’s 11.8%. The eensy edge now enjoyed by what only tourists call the “Avenue of the Americas” might not matter much. But we expect grumping from Park Avenue landlords who turn downright defensive every time we say nice things about Sixth, claiming we…

Publication New York Post
Date 2024-03-10
Author Steve Cuozzo

Op-ed: 2024 and the office market’s comeback

No matter how dire the headline or pessimistic the pundit, I’ve spent the past three years telling anyone who would listen that the in-person office has a bright future.

Publication Crain's New York Business
Date 2024-02-22
Author Douglas Durst

Dimension Renewable Energy Signs Full Floor Lease At Durst Organization’s Leed Gold 825 Third Avenue

The Durst Organization announced today that Dimension Renewable Energy (Dimension) has selected 825 Third Avenue for its new office.

Date 2024-02-15
Author CityBiz

Dimension Inks 11K-SF Midtown Office

The Durst Organization announced that Dimension Renewable Energy will lease the entire 18th floor, 11,054 square feet, at 825 Third Avenue in Midtown East for its new office.

Publication Connect CRE
Date 2024-02-15
Author Emily Fu
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