Report: New York City Government Freezing Agency Lease Deals

180 Maiden Lane
180 Maiden Lane

The Department of Citywide Administrative Services is slowing down lease deals for other city agencies and has yet to explain why, the New York Post reports.

Among the signed leases stalled are a renewal of 264K SF at 109 East 16th St. for the Human Resources Administration; a new 275K SF lease for the NYC Department of Investigation at 180 Maiden Lane; and new leases for the New York Police Department, HRA and NYC Department of Sanitation at the newly renovated building at 375 Pearl St., where the NYC Department of Finance is also housed.

Although the deals have been widely reported, DCAS has not given the final sign-off of the deals, a possible sign the city is holding off to see what cuts are coming from the federal government when Congress takes on budget negotiations later this year. No representative from the Mayor Bill de Blasio's press office replied by press time.

DCAS spokesperson Cathy Hanson denied there was an across-the-board moratorium on leases.

"We are working with agencies on a case-by-case basis to reassess their space needs," she told the Post.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years