The city's largest commercial landlords enjoyed big boosts from Bloomberg LP's sustained and growing stake on Midtown's East Side.
Bloomberg's commitment "was not really within [our] expectations at the beginning of this year. So it was a very pleasant surprise" for SL Green.
Even so, for an undeniably challenged market, Manhattan office leasing is showing considerable spunk - which might accelerate in the wake of recent interest-rate cuts.
The latest data from CBRE found overall availability of 17.2% for October, the lowest since March 2021, indicating a positive trend in leasing activity.
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