Wasserberger_Cynthia The JLL hedge fund report is put together by managing Cynthia Wasserberger.

NEW YORK CITY—After a slower leasing pace in 2016, leasing activity picked up notably in the first few weeks of 2017, according to JLL’s latest hedge fund report.

Midtown Class A average asking rents increased just 1% year-over-year to $81.37 per square foot, compared to at least 3% annual growth between 2013 and 2016. Comparatively, the average Midtown trophy asking rent is currently $99.53, down from $101.13 per square foot in Q1 2016.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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