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Cresa New York
450 Lexington Avenue
32nd Floor
New York, NY 10017
212.758.3131 tel
212.980.1977 fax
Email
Map/Directions

Contacts

Mark Jaccom
President and Managing Principal
Email
212.687.4084 tel

New York

  • Market Highlights

    Manhattan Q1 2014

    Supply
    45.8 msf
    Vacancy
    8.3%
    Absorption
    763,061 SF
    Avg. Lease Rate
    $54.55
  • Market Highlights

    Midtown North Q1 2014

    Supply
    24.7 MSF
    Vacancy
    7.8%
    Absorption
    455,484 SF
    Avg. Lease Rate
    $60.12
  • Market Highlights

    Midtown South Q1 2014

    Supply
    7.0 MSF
    Vacancy
    6.9%
    Absorption
    314,058 SF
    Avg. Lease Rate
    $59.52
  • Market Highlights

    Downtown Q1 2014

    Supply
    13.5 MSF
    Vacancy
    11.0%
    Absorption
    5,099 SF
    Avg. Lease Rate
    $43.01

Cresa's New York City Office tracks local real estate market statistics in the five boroughs of New York City: Manhattan, Brooklyn, Queens, the Bronx and Staten Island. The Office's primary focus is in the Manhattan submarkets of Midtown North, Midtown South and Downtown.

The City is home to perhaps the most broadly diversified array of companies operating within any of the world’s largest metropolitan areas. Manhattan remains the undisputed international hub for the financial services industry and, in addition, it is home to many of the world’s leading law firms and other professional services firms. 

The City continues to attract an ever-widening range of creative services firms, including internet-based/technology companies, media organizations, publishing and communications entities. Such fast-growth organizations as Amazon, Google, Twitter, Gilt, Huffingtonpost.com and Facebook continue to expand here.

Cresa is active within the Manhattan office market on a daily basis and our professionals are knowledgeable about all significant current trends and market conditions.  We offer unparalleled experience in addressing the needs of the business community - - whether finding the perfect space, negotiating favorable lease terms or arranging the optimal space layout, our team offers a range of invaluable resources to help tenants find the best solutions to their occupancy needs.






 

People

Jamie Addeo Senior Advisor 212.687.4136
Helen Ball Business Manager 212.687.0534
Bruce Beegel Advisor 212.687.4329
Andrew Chase Advisor 212.687.4390
Howard Cross Principal 212.687.4159
Justin Halpern Senior Advisor 212.687.4164
S. Kent Holliday, AIA Principal, Consulting Services 212.687.1939
Mark Jaccom President and Managing Principal 212.687.4084
Harold D. Kahn Managing Principal, Operations & Administration 212.687.4127
Shanna Katz Executive Assistant 212.687.0598
Keith Keppler Senior Vice President, Consulting Services 212.687.1954
Sam Mann Advisor 212.687.4365
Mike McKenna Senior Advisor 212.687.4183
Dolores Minardi Senior Advisor 212.687.4176
Jonathan Ortiz Vice President, Consulting Services 212.687.1372
Martha Pellegrino Vice President, Project Management 212.687.1695
Nelcol Philip Controller 212.687.0652
James A. Pirot Principal, Project Management 212.687.1048
Michael Plavin Advisor 212.687.4192
Marcus Rayner Managing Principal 212.687.4103
Jane Roundell Principal 212.687.4195
Wes Rudes Principal 212.687.4206
Stephen Santoro Principal 212.687.4240
Robert J. Sattler Advisor 212.687.0738
Elyse Schindler-Candella, Esq. Senior Advisor 212.687.4150
Barbara Singleton Receptionist
Michael Smith Senior Advisor 212.687.4243
Luca Smoleac Research Associate
Barry C. Spagna Advisor 212.687.4294
Robert P. Stella Principal 212.687.4306
Eric Thomas Principal 212.687.4314
Mark Toubin Senior Advisor 212.758.3131
Michael Vallejos Advisor 212.758.3131
Hillary Walter, LEED AP ID + C Vice President, Consulting Services 212.687.1958
Ed Wartels Senior Advisor 212.687.4319
Geoffrey E. Wowk Vice President, Consulting Services 212.687.1629

News

Subleases & Sales

Property Available Space Rental Rate
Sublease: Third Avenue Sublease Available
622 Third Avenue
Between 40th & 41st Street
New York, NY
Partial 30th Floor - 7,200 SF Upon Request
Sublease: 75 Maiden Lane - Roofdeck - 11,600 SF
75 Maiden Lane
Between William & Gold Streets
New York, NY
11,600 SF Aggressively Priced
Sublease: 75 Maiden Lane, 11th Floor
75 Maiden Lane
New York
Upon Request
Sublease: Meat Packing - Brand New Listing 81,268 SF
450 West 15th Street
Milk Studios
New York, NY
Partial 4th Floor, Partial 6th Floor, Partial 7th Floor - 81,268 SF Upon Request
Sublease: 104 West 40th Street
Adjacent to Bryant Park
New York, NY
Entire 20th Floor - 6,610 RSF Upon Request
Sublease: Spectacular Meatpacking Sublease
450 West 15th Street
New York, NY
Partial 4th Floor - 21,512 RSF Upon Request

Cresa New York Blog

  • 3/26/2014Midtown South’s Rising Stars
    This week’s main market story in the Midtown South issue of the Commercial Observer features several quotes from Justin Halpern on behalf of Cresa New York. Regarding Midtown South, Justin was quoted as commenting that, “The value is gone, and the beneficiaries are the area outside Midtown South proper.” Mr. Halpern describes ‘Midtown South-proper, the [...] Read More
  • 3/25/2014Professional Profile: Stephen Santoro
    The new issue of New York Real Estate Journal was published today, complete with the profile on our very own Stepehn Santoro!  You can access the piece online at the following link: http://nyrej.com/70458 Read More
  • 3/11/2014Downtown: The Eli Manning of Office Markets
    Cresa’s Wes Rudes tells us the spread between asking and taking rents for Class-B and B-plus office buildings Downtown. Click Here to Read the Full Real Estate BISNOW Article Read More
  • 2/19/2014Real Estate Weekly: Who’s News
    The New York office of Cresa announced the promotion of six executives to partner of the firm. Following executives were named principals: Read More
  • 2/10/2014Cresa Promotes Six Partners, Exceeds Year-End Goals
    The New York office of Cresa, North America’s largest tenant representation firm, today announced the promotion of six executives to partner of the firm, reflecting a year of continued growth under the leadership of Mark Jaccom. Effective immediately, Howard Cross, Eric Thomas, Stephen Santoro, Robert Stella, Jane Roundell and Jim Pirot have been designated Principal of [...] Read More
  • 2/1/2014Lies in size: Commercial landlords get boost from increasing ‘loss factor’ and charging for unusable common spaces
    …”A building’s rentable square footage typically jumps after it is remeasured, said Keith Keppler, a principal at tenant representation firm Cresa New York. That generally happens after an acquisition, a major capital investment or when an owner is mulling a sale of the property, Keppler said, as that’s when landlords push to extract maximum value [...] Read More
  • 5/23/2013Startups find places to grow
    Fifteen years ago, managing agent Thomas Campenni leased 20,000 square feet at 41 E. 11th St. to a company he’d never heard of called TechSpace. Since then, the firm, which manages shared workplaces for computer and Internet-oriented enterprises, has tripled its footprint in the 11-story, 220,000-square-foot building, pleasing Mr. Campenni mightily. “I really like them [...] Read More
  • 5/20/2013Cresa Announces New Board of Directors
    Cresa, North America’s leading tenant representation firm, announced the election of a new Board of Directors at the Company’s annual spring conference, held this year in Las Vegas. Richard Rhodes, Managing Principal of Cresa Washington, DC, was named Chairman of the Cresa Board, succeeding David Preve of Cresa Miami.  Matthew Feeney, newly elected to the [...] Read More
  • 5/2/2013Cresa Celebrates Our 20th Anniversary
    Cresa, North America’s leading tenant representation firm, is celebrating its 20th anniversary.  The firm was founded in 1993 by the formation of an alliance between four tenant representation firms.  Today, the organization spans 58 offices in North America with over $235 million in annual revenue and employs over 800 people. The original Cresa firms each [...] Read More
  • 5/2/2013Cresa New York Announces Robert J. Sattler as Vice President
    The New York office of Cresa, North America’s largest tenant representation firm, announced that Robert J. Sattler has been hired as a Vice President. Adding to the office’s brokerage team, Sattler will provide real estate advisory services for tenants locally and nationally, which include location planning, lease administration and transaction management. “Having previously worked with [...] Read More
More from Cresa New York Blog

Project Management



The build-out of your new workspace is not something you want to undertake alone. Our project management team is your assurance that it will happen in a timely, cost-effective way. 

We are true tenant advocates — we understand that the interests of landlords and developers are not at all the same as yours. We can run the entire project. We’ll advise on all issues of programming, feasibility, and other challenges that may affect the build-out. We’ll negotiate with the landlord, hire the architects, engineers, and any other consultants, looking out for your interests at every turn. And we’ll make sure you get the working environment you pay for — and that your people expect — by taking complete control of the following:

  • Budget — We take charge of the spending for your project, advising you of any issues and pointing out possible savings
  • Schedule — We oversee the construction schedule, informing you of key dates, making sure you have time to plan your move without disruption
  • Plans — We create a rough outline of how your space will be built out, then we select the architect to draw it up formally
  • Permits — We take care of obtaining any permits necessary for the construction of your space
  • Vendor Selection — We oversee the hiring and supervision of: designers, contractors, voice/data suppliers, and other suppliers
  • Coordinate Installs — We supervise the installation of carpet, paint, trim, wiring, lighting, system furniture, and other items required in a working office
  • Relocation Management — We can implement your entire move — hiring the mover, packing and unpacking, setting up computers, etc. — so your people can keep working with as few distractions as possible

 

Contact:

James A. Pirot
Senior Vice President, Project Management

212.687.1048
jpirot@cresa.com

Martha Pellegrino
Vice President, Project Management

212.687.1695
mpellegrino@cresa.com


Why Cresa?