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Downtown leasing activity in 2017 highlights demand for well-located, high-quality product

  • ​​Lower Manhattan saw 6.7 million square feet of leasing activity in 2017, surpassing 2015 and 2016 leasing levels by 45 and 55 percent, respectively.

  • Nearly 75 percent of Downtown leasing in 2017 took place in either the Financial District or the World Trade Center. These areas boast unparalleled connectivity due to the recently upgraded Fulton Center and the World Trade Center transportation hub.

  • The World Trade Center and Financial District also captured eight of the 10 largest Downtown leases in 2017.

  • The overwhelming majority of these leases were signed in Class A buildings, indicating a flight to quality that mirrors a larger trend witnessed across Manhattan. ​

Source: JLL Research​




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