Lower Manhattan office space 'tours' on the rise despite Downtown's struggling properties
Briefly

from New York Post1 month ago
Huge amounts of space are quietly up for sublease even at the World Trade Center and Brookfield Place.
New York Posthttps://nypost.com/2024/03/31/business/lower-manhattan-office-space-tours-on-the-rise-despite-downtowns-struggling-properties/
Lower Manhattan saw 40% more so-called 'tire-kicking' visits in the months of December 2023 through February 2024 than it did between September and November 2023.
New York Posthttps://nypost.com/2024/03/31/business/lower-manhattan-office-space-tours-on-the-rise-despite-downtowns-struggling-properties/
The district's grim overall data are skewed by two particular enormous properties - Paramount Group's 'transitioning' 60 Wall Street and 111 Wall Street in foreclosure.
New York Posthttps://nypost.com/2024/03/31/business/lower-manhattan-office-space-tours-on-the-rise-despite-downtowns-struggling-properties/
According to VTS, the national real estate technology platform, office-space 'tours' in Downtown have been higher than in Midtown or Midtown South.
New York Posthttps://nypost.com/2024/03/31/business/lower-manhattan-office-space-tours-on-the-rise-despite-downtowns-struggling-properties/
Read at New York Post
#downtown-office-market #sublease-space #real-estate-technology #tenant-interest #building-occupancy
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