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United States | New York, NY

Report | New York Office Insight - Q2 2016

Summary

Traditional services—financial, insurance, real estate and legal—have returned to prominence across New York City’s broader leasing market (as of Q2 2016). The four sectors have combined to account for more than 40 percent of leasing activity so far this year.

The majority of quarterly leasing activity last quarter occurred Downtown, with 14 of the top 20 leases signed in that submarket. The World Trade Center complex accounted for two of those top deals. The pair of transactions totaled a combined 107,000 square feet.​

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