WOODBRIDGE, NJ—As commercial leasing activity, particularly among small and mid-sized companies, continues to surge, Onyx Equities is reporting significant leasing velocity throughout its portfolio. The firm completed 76 lease transactions, totaling nearly 400,000 square feet, during the first half of the year.
Onyx's leasing activity for the first half of the year has been mainly in new leases, which totaled 213,000 square feet. Onyx says that rental rates increased by 10 percent to 15 percent on average, year-over-year.
Onyx owns or manages more than 25 million square feet of property along the East Coast. The company says it had particular success in providing small and mid-sized companies with office solutions that will support their continued growth.
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