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2020 Was The Manhattan Office Market's Worst Year This Century
News

2020 Was The Manhattan Office Market's Worst Year This Century

... leased in all of 2020, according to Savills. While some hold out hope that ... inked last quarter were renewals, according to Savills, including NYU Langone’s 633K SF renewal ... shows the full effect of COVID-19,” Savills New York and Tri-State Research Director ...

Jan 07, 2021
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D.C. skyline
News

'Eye Of The Storm': D.C. Office Market Worsened In Q4 With Little Sign Of Recovery

... across two floors at Columbia Square in Downtown D.C. Savills' Q4 report pegged D.C.'s total sublease availability ... the effects of COVID-19 have only amplified these conditions," Savills' report said.  The federal government has helped spur leasing activity ...

Jan 04, 2021
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Manhattan Office, Midtown office, office stock
News

Manhattan's Office Market Picking Up Speed With Activity At Pandemic-Era Highs

... — and echoed in other quarterly reports by Newmark and Savills — shows a Manhattan office market facing headwinds to a full ... in spite of the emergent omicron variant, Colliers, Newmark and Savills are reluctant to speculate. But Wallach remains bullish; he ...

Jan 04, 2022
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New York, London And Los Angeles Are Among The World’s Most Resilient Cities, But Power Is Rising In The East
News

New York, London And Los Angeles Are Among The World’s Most Resilient Cities, But Power Is Rising In The East

... behind Tokyo. Chicago came in sixth and Dallas 10th. However, Savills said that over the coming decades the cities rising fastest ... S. or Europe have been awarded challenger city status by Savills, with London and Paris the only European cities ranked within ...

May 01, 2019
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Manhattan office buildings
News

New High Set For Manhattan Office Vacancy As Leasing Slump Drags On

... below the average Q2 between 2015 and 2019, per Savills' numbers. Those seven leases also highlighted a significant trend ... submarkets, according to Colliers. Winners included the Plaza District, Savills’ Clinton said, pointing to “the better-quality product ...

Jul 06, 2023
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San Francisco Office Subleases Up 140% Compared To 2020
News

San Francisco Office Subleases Up 140% Compared To 2020

... has surged 140% since 2020, according to new data from Savills. The surge follows a wave of office vacations that began ... in the first quarter, according to Trepp, which reported the Savills data this week. That is up from 3.7M SF ...

Jun 29, 2023
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Dilweg Cos.
News

This Week's Atlanta Deal Sheet: Atlanta Engineering Firm Reaffirms HQ Space

... be a 15K SF ax-throwing entertainment venue. PERSONNEL Savills appointed Vice Chairman David Rubenstein as the brokerage firm’ ... remain active as an office tenant representative. Rubenstein joined Savills in 2016 and represents companies such as law firm ...

Jun 15, 2023
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Ireland Census 2022
News

Census Gives 5 Million Reasons Why Housing Is The Only Topic In Ireland

... European average of 2.2, according to property adviser Savills Ireland. That number has essentially stagnated because of ... that will potentially draw resources away from housing provision, Savills said. “This will necessitate a prudent budgetary and policy ...

May 31, 2023
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Empire State Realty Trust's 1333 Broadway, where nonprofit human services organization Rising Ground signed for 30K SF this week.
News

This Week’s N.Y. Deal Sheet

... amenity suite featuring a tenant lounge and hybrid meeting spaces. Savills’ Jeffrey Peck, Daniel Horowitz, Thomas Capocefalo and Jacob Stern ... brokered the deal on behalf of the tenant, while Savills’ Kirill Azovtsev and Allison Buck worked on behalf of ...

May 30, 2023
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savills Q2
News

Suburban Market Fundamentals Remain Soft

... are likely to persist in the short-to-medium term,” Savills said.   Despite the big jumps in availability, leasing activity ... downtown Chicago is now being fought by suburban landlords, and Savills expects that to continue. Many suburban owners bought these ...

Jul 30, 2019
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