See the story covered in Crain’s, New York Business Journal, and Connect CRE.
119 Spring Street Leased to luxury retailer Phillip Plein by Lee NYC’s Paul Popkin & Jessica Gerstein
Ben Tapper Featured in Real Estate Capital USA
Senior Managing Director Ben Tapper was interviewed for the February/March issue of Real Estate Capital USA where he discussed how he creates opportunity for NYC owners to maintain generational wealth through the creative use of leaseholds. Full section here: Ben Tapper Featured in Real Estate Capital USA
Executive Managing Director Justin Myers featured in Crain’s New York.
This Crain’s article features Justins Myers as he discusses tech firms and their latest approaches to traditional office space in Manhattan.
Commercial Observer covers Lee NYC Q4 Office Report
The Commercial Observer referenced Sarah Orcutt’s Q4 Office Market Report in this article discussing leasing activity trends.
Q4 2022 Manhattan Office Market Report
At the close of the year, national and local labor markets remained strong despite the Federal Reserve’s continued efforts to cool demand. National unemployment in November was 3.7% while New York City’s rate was 5.8%, unchanged from October but down 1.7% year-over-year. Read the complete report here: Q4 2022 Manhattan Office Market Report
Q3 2022 Manhattan Office Market Report
At 8.3 million square feet, Q3 2022 was the strongest quarter for Manhattan leasing activity of the year so far, up by 5.1% from the previous quarter. However, activity was down by 4.6% from the same period last year and 24.8% from the pre-pandemic (2017- 2019) average of 11.0 million SF. Read the complete report here: Q3 2022 Manhattan Office Market Report
Midyear 2022 – Manhattan Office Market Report
Manhattan leasing activity remained steady in the first two quarters of the year but has tapered off slightly from a strong second half of 2021 when leasing totaled 19.0 million SF. Read the complete report here: Midyear 2022 Office Market Report
Lee NYC’s Garry Steinberg Quoted in the NY Post
Garry Steinberg was quoted in the NY Post Article “Over the Shop: Retailers Return to NYC with brave new concepts” where he discussed the current popularity of spaces in Williamsburg.
Lee NYC’s Peter Braus Quoted in the NY Post
Peter Braus was quoted in the NY Post on the latest office leasing trends in Manhattan, specifically involving smaller spaces and improved amenities. For the full article, click here.