New reports point to increased leasing activity in Manhattan over the previous quarter. According to a CBRE office market report, Q2 leasing rose 20% totally 3.47 million square feet. A Savills study suggested leases signed climbed 20% to 4.9 million square feet from the previous quarter and sublet supply declined by 700,00 square feet to 21.3 million square feet.
As employees slowly return to work, it’s becoming apparent that amenities are a must to attract tenants, naming healthy and comfortable layouts and environmentally friendly features.