Manhattan Office Leasing Market Poised for Late 2022 Boom with Over a Dozen Major Deals Up to 250K SF
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The Manhattan office leasing market is poised for a late-year boom with over a dozen large deals up to 250k sf each close to being signed.
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Despite commercial real estate woes, the deals signal even larger 1M sf deals could happen in 2024.
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Several major tenants like Bain & Co., TD Bank, and American Eagle are in advanced talks for big blocks at upgraded older buildings.
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Law firm Ropes & Gray looking to take 240k sf at 30 Hudson Yards, leaving its current 300k sf at 1211 Sixth Ave.
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Firms like Blackstone, Amex, and Jane Street Capital are searching for about 1M sf each, signaling more giant deals ahead.