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Hudson Yards Hits Full Occupancy as Trophy Office Demand Roars Back
NYC Rents Jump 6.2% as Freeze Decision Nears
Manhattan CRE Sales Jump in Q1, Fueled by Multifamily
Penn Station Is Now Manhattan’s Office Relocation Destination
The Newsletter

06 Jul

Good morning. Welcome back to CRE Daily!

RISING STAR

Hudson Yards Hits Full Occupancy as Trophy Office Demand Roars Back
Hudson Yards Hits Full Occupancy as Trophy Office Demand Roars Back

Manhattan’s biggest megadevelopment has no office space left as companies continue to flock to high-end workplaces.

THE TAKEAWAY

NYC Rents Jump 6.2% as Freeze Decision Nears
NYC Rents Jump 6.2% as Freeze Decision Nears

Smaller units drive rent growth, while a proposed freeze could lock tenants in place.

THE TAKEAWAY

Manhattan CRE Sales Jump in Q1, Fueled by Multifamily
Manhattan CRE Sales Jump in Q1, Fueled by Multifamily

Q1 deal volume jumped to $3.7B, with multifamily and retail driving momentum.

THE TAKEAWAY

Penn Station Is Now Manhattan’s Office Relocation Destination
Penn Station Is Now Manhattan’s Office Relocation Destination

Nearly a quarter of all Manhattan office relocations over the past three years landed in one submarket, and most tenants arrived with bigger footprints.

THE TAKEAWAY

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