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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

  • First Quarter 2013 Market Highlights

    Setting The Stage For The Future

    Supply
    9.01 MSF
    Vacancy
    13.1%
    Absorption
    -0.61 MSF
    Avg. Lease Rate
    $58.70
  • Midtown North Market Highlights

    Looking For An Edge

    Supply
    4.45 MSF
    Vacancy
    13.1%
    Absorption
    0.16
    Avg. Lease Rate
    $67.36
  • Midtown South Market Highlights

    Surge In Available Space Options

    Supply
    2.7 MSF
    Vacancy
    10.0%
    Absorption
    -0.79 MSF
    Avg. Lease Rate
    $52.34
  • Downtown Market Highlights

    Adapting To Change

    Supply
    1.86 MSF
    Vacancy
    17.3%
    Absorption
    0.02 MSF
    Avg. Lease Rate
    $48.69

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, Facebook, 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.

  1Q 2013
Market Report

People

Jamie Addeo Vice President 212.687.4146
Helen Ball Business Manager 212.687.0534
Bruce Beegel Vice President 212.687.4329
Paul Brick Senior Advisor, Financial Analyst 212.687.1629
Elyse Candella Vice President 212.687.4150
Robert Cottrell Senior Advisor, Project Management 212.687.1723
Howard Cross Senior Vice President 212.687.4159
Cori Fernandez Marketing Director 212.687.1903
Joyce Geiger Senior Advisor, Consulting Services 212.687.1659
Christopher Hagerup Vice President 212.687.4359
Justin Halpern Vice President 212.687.4164
Kent Holliday 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
Geri Kelley Advisor, Project Management 212.687.1723
Keith Keppler Principal, Consulting Services 212.687.1954
Mike McKenna Senior Vice President 212.687.4183
Dolores Minardi Senior Vice President 212.687.4176
Jonathan Ortiz Senior Advisor, Financial Analyst 212.687.1372
Nelcol Philip Controller 212.687.0652
James A. Pirot Senior Vice President, Project Management 212.687.1048
Michael Plavin Vice President 212.687.4192
Marcus Rayner Managing Principal 212.687.4103
Jane Roundell Senior Vice President 212.687.4195
Dariush Ruch-Kamgar Associate, Broker 212.687.0629
Wes Rudes Senior Vice President 212.687.4206
Stephen Santoro Senior Vice President 212.687.4240
Robert J. Sattler Vice President 212.687.0738
Michael Smith Senior Vice President 212.687.4243
Luca Smoleac Receptionist
Barry C. Spagna Advisor 212.687.4294
Robert P. Stella Senior Vice President 212.687.4306
Eric Thomas Senior Vice President 212.687.4314
Hillary Walter Senior Advisor, Consulting Services 212.687.1958
Ed Wartels Vice President 212.687.4319

News

Success Stories

Client Location Sq. Footage
AXA Financial New York, NY  150,000 

Subleases

Property Available Space Rental Rate
Midtown South Style / Downtown Value
111 Broadway - 1 Trinity Centre
New York, NY
Entire 19th Floor Upon Request
Prime Financial District Sublease
5 Hanover Square
New York, NY
Partial 15th Floor, 6,260 RSF Negotiable
Third Avenue Sublease Available
622 Third Avenue
New York, NY
Partial 30th Floor Upon Request
Fifth Avenue Sublease Available
623 Fifth Avenue
New York, NY
Entire 11th & 12th Floors Upon Request
Park Avenue Sublease Available
277 Park Avenue
New York, NY
Partial 15th Floor - Approximately 25,000 RSF Upon Request
Herald Square Building
1350 Broadway
New York, NY
Partial 19th Floor - 3,114 RSF Negotiable
40 Wall Street - Sublease Available
40 Wall Street
New York, NY
Partial 16th Floor - Approximately 20,586 RSF Upon Request

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