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Midtown Manhattan
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- The amount of office space in Midtown Manhattan amounted to 241.3 million square feet in the first quarter of 2024. This was the largest district in terms of office inventory, followed by Midtown South and Downtown Manhattan.
www.statista.com/statistics/605882/size-of-office-area-manhattan-by-submarket/
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Apr 24, 2024 · The amount of office space in Midtown Manhattan amounted to 241.3 million square feet in the first quarter of 2024. This was the largest district in terms of office inventory, followed by...
Mar 5, 2020 · The Midtown area was just as popular with office tenants 10 years ago as it is today; back in 2010, it boasted the largest office inventory in the borough, at 255 million square feet. Fast-forward to 2019, and this inventory expanded by 11.1%, reaching nearly 283 million square feet.
The boroughs of New York City are the five major governmental districts that compose New York City. The boroughs are the Bronx, Brooklyn, Manhattan, Queens, and Staten Island.
- Google Closes The Largest NYC Office Deal of The Decade in Chelsea
- 5 of The Decade’S 10 Largest Brooklyn Office Sales Closed by Kushner and LIVWRK
- Lic, Home to 5 of The Top 10 Queens Sales of The Decade
- Jamestown Seals The Biggest Bronx Office Sale of The Decade
- Edgewater Plaza Steals The Spotlight on Staten Island – Twice
The most significant office sale to close in Manhattan over the past decade is also NYC’s top office sale, by far. Tech giant Google broke records in 2018 when it forked over more than $2.3 billion to snatch the property dubbed Chelsea Market from Jamestown. With the purchase of the landmark property located at 75 Ninth Avenue in Midtown South, Goo...
Not too far from the Brooklyn end of the Brooklyn Bridge, you’ll find the site of the most prominent office deal of the decade in the borough. In 2016, a joint venture between Kushner Companies, LIVWRK, and CIM Group paid $340 million to purchase the property at 25-30 Columbia Heights in DUMBO. Easily recognizable by its iconic ‘Watchtower’ sign, t...
Retail giant Amazon created a major stir last year when it decided it wasn’t going to build its second headquarters in Long Island City. However, all the attention put the Queens neighborhood on the investment map, and development in the area is getting intense. However, this part of Queens was a target for investors more than once over the past fe...
Over in the Bronx, there were only two office sales to exceed the $100 million mark over the past ten years. The top office transaction of the decade in the borough closed in 2017, when Jamestown bought the property at 260 East 161st Street from Acadia Realty Trust, for a price tag of $115 million. The asset, also known as the Melrose Building, is ...
Back in 2015, the sale of the office building dubbed Edgewater Plaza broke records, becoming one of the biggest office sales in Staten Island’s history. At the time, Steven Wu paid $21.5 million to buy 1 Edgewater Street in Rosebank from LNR Partners. Fast forward to 2018, and the asset sold again, this time to Galil Management, for $47.2 million. ...
Based on data provided by the New York City Department of Finance, there were 550 million square feet of office space in the City in 2016.1 While there are commercial districts in each of the five boroughs, the three largest business districts in Manhattan (Midtown, Midtown South and Downtown) together contain 450 million square feet of office s...
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Aug 29, 2022 · The borough of Manhattan alone has 463.8 million square feet of office inventory. The New York City economy has changed drastically since government officials and developers first...
Apr 19, 2018 · Brooklyn, the city’s most populous borough, has roughly 3.6 million square feet of office space underway. Construction activity has picked up starting with 2016—730,000 square feet delivered—while the following year the amount of space doubled: 1.4 million square feet.
