The performance is led by the SoHo and Meatpacking submarkets.

Demand was up 63.7 percent as construction slowed.

The portfolio spans 8.7 million square feet.

Eyn Holding, Axonic Capital and AM Management paid $133 million for 114 West 41st Street.

Additionally, rents declined.

The fund will be allocated across 10 states.

The private equity firm now has full access to floors 32 through 34th.

On average, rents are up by 27 percent for office assets that have been renovated after 2018.