NEW YORK CITY—Against the backdrop of strong leasing for theyear that's headed for record-setting levels, companies are makingchanges in workplace strategy that are likely to support continuinghigh levels of movement around town, CBRE officials said during apress briefing Tuesday in Midtown.
“If leasing activity for the year maintains the pace of thefirst six months—which saw agreements signed for 15.6 millionsquare feet of space—we will reach levels for the Manhattan officemarket we haven't seen in 10 years,” said Peter Turchin, vicechairman.
He also noted that in the first half of 2014, Downtown'savailable blocks of space spanning more than 250,000 square feetfell dramatically, from 10 to five. “That's huge, we've ever seenit drop so much in such a short period of time.”
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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.
