Posted Jan 8, 2026, 6:23 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,640
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https://www.costar.com/article/1901998029/manhattans-top-dollar-office-leases-jump-to-record-highs
By Andria Cheng
January 7, 2026
Quote:
Most sought-after corridors
As to where New York tenants paying premium rents want to be, the JLL study found Park Avenue remained the most sought-after corridor, accounting for nearly 1.8 million square feet of $100-plus leasing in 2025.
….. Other in-demand corridors and neighborhoods included Avenue of the Americas, Vornado Realty Trust’s Penn District surrounding Penn Station, Hudson Yards and Manhattan West.
Among landlord winners, Vornado again leased the largest overall quantity of top-dollar space, totaling about 2.6 million square feet across 47 deals. Its Penn 1 and Penn 2 towers with direct access to Penn Station “emerged as the most active buildings by transaction count, combining for 25 top-tier deals,” JLL said.
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Time for Vornado to turn up the heat.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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