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The executive director and managing director of research at Colliers International highlight surprising and key facts about Manhattan office leasing in Q1 2018.
Significant liquidity is evident in the debt markets, particularly for well-located quality assets such as class-A office, 55 Green, which had multiple groups providing compelling proposals to finance the asset.
Despite a challenged submarket with total availability increasing past 30% during the first quarter, leasing activity for One Park 10 has been strong and recent transactions have taken occupancy to more than 65%.