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CresaPartners' New York City Office tracks local real estate market statistics in the five boroughs of New York City including: Manhattan, Brooklyn, Queens, the Bronx and Staten Island. The Office's primarily focus is in the geographical Manhattan submarkets of Midtown, Midtown South and Downtown.
The New York City market continues to boom with no signs of softening. Significantly lower absorption throughout Manhattan suggests fewer relocations and more renewals. With increasing asking rents and the prospect of any new development being absorbed quickly into the marketplace, there is no relief in sight for the cost conscious tenant. Further market information is available on the New York City Tenant's Guide.
CresaPartners is a leading international corporate real estate advisory firm
that specializes in tenant representation. We provide integrated services—including
strategic planning, project management, portfolio management, and capital market
expertise—through more than 125 offices in 35 countries, including 47 locations
in North America. By exclusively representing tenants, we avoid conflicts of interest
and ensure accountability. As a result, we have received the distinguished Site
Selection/William Dorsey Service Provider Award for the last five years.
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