NEW YORK CITY—The Alliance for Downtown New York reports that the commercial office, retail and multifamily markets in Lower Manhattan are off to a strong start in 2014.

The alliance’s report for the first quarter released today notes that commercial leasing in the first quarter was 18% higher year-over-year and 44% higher than the five-year average. The five largest commercial leases recorded in the first quarter were: Macmillan Science and Education‘s 176,121-square-foot relocation to 1 New York Plaza; Teach for America’s 172,744-square-foot lease at 25 Broadway; Amerigroup Corp.’s lease renewal of 165,029 square feet at 14 Wall St.; Allied World Insurance Co.’s renewal and expansion into 142,000 square feet of space at 199 Water St., and the City of New York‘s lease renewal of 94,896 at 80 Maiden Lane, which barely bested Revlon‘s lease deal at 1 New York Plaza for 90,194 square feet.

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