NEW YORK CITY-Lower Manhattan is still having a golden moment.
The submarket logged above-average leasing for the ninth consecutive quarter, according to a new report on second quarter activity by the Alliance for Downtown New York. Year-to-date leasing activity totaled 2.46 million square feet, up 22% year-over-year, driven by a strong first quarter and relocations or first-time renters among a wide variety of tenant types.
The top 10 deals in Lower Manhattan point up the diversity of organizations heading to the area. Nyack College, the largest deal, took 166,000 square feet at Battery Place North in a relocation from 361 Broadway. Next up was HAKS Engineering, with a 69,916-square-foot lease; as well as agreements from a non-profit organization, an architecture firm, and more.
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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.
