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Manhattan Inventory Slide Extends Record Streak as NYC Rents Climb
Manhattan Office Leasing Plunges 40% Amid Lack of Big Deals
New York’s Insurance Spike Is Squeezing CRE Deals
Foreclosure Filed Against Manhattan’s Worldwide Plaza
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Manhattan Inventory Slide Extends Record Streak as NYC Rents Climb
Manhattan Inventory Slide Extends Record Streak as NYC Rents Climb

Manhattan rental supply has declined for 24 straight months, tightening the market and keeping upward pressure on rents.

THE TAKEAWAY

Manhattan Office Leasing Plunges 40% Amid Lack of Big Deals
Manhattan Office Leasing Plunges 40% Amid Lack of Big Deals

Leasing volume fell to 2.23M SF in February as large office deals slowed sharply.

THE TAKEAWAY

New York’s Insurance Spike Is Squeezing CRE Deals
New York’s Insurance Spike Is Squeezing CRE Deals

Insurance is becoming one of the biggest variables in New York deal math.

THE TAKEAWAY

Foreclosure Filed Against Manhattan’s Worldwide Plaza
Foreclosure Filed Against Manhattan’s Worldwide Plaza

A $940M loan default, a 78% value drop, and a Midtown icon caught in the office reset.

THE TAKEAWAY

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