NEW YORK CITY—If owners continue to upgrade Manhattan's office supply with new development or renovations, and talent including millennials keeps coming to the city to work, New York will maintain and attract businesses, bolstering CRE. Cushman & Wakefield arrived at that conclusion with its Economic Overview and Office Leasing Year-end reports for 2017.
“New York continues to be the place for companies to maintain a significant presence,” said Lou D'Avanzo, Cushman & Wakefield's vice chairman, managing principal, Midtown Manhattan, in a press briefing call on Wednesday. “Companies don't leave New York City because they want to. They leave when they have to.”
Larger Office Space Leases
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
