The flight to quality by office tenants isn’t having a huge effect on overall occupancy levels—which still are struggling to get over 50% in the top US markets, according to Kastle’s latest weekly barometer—but it has created a bonanza of premium-priced leases in NYC.

According to JLL’s Year-End Recap, 190 Manhattan office leases were priced at more than $100 per SF in 2022, up from the previous record of 164 in 2021.

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Jack Rogers

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