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Colliers' New York Insights

Eastern Region President Joseph Harbert offers insight into New York City, Washington, DC, Boston and other regional and national markets in a discussion with Connect Commercial Real Estate.

To watch Part 1 of his interview, click here. For Part 2, check out this link.

Michael Cohen, President, Tri-State Region, and a panel of other experts talk the benefits and challenges of the rezoning of Midtown East Manhattan with Michael Stoler.

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In the News

JPMorgan and Partners Are Looking to Sell DKNY's Midtown Office – The Real Deal, January 18, 2018

Manhattan's Financial Companies Are Driving Office Leasing Again – Bloomberg, January 5, 2018

Manhattan Had Strong Office Leasing Activity But Lower Rents In 2017 – Bisnow, January 3, 2018

Construction Spending to Surpass 2016 Peak – The Real Deal, January 1, 2018 

Rightsizing: The Right Word for 2018 Retail – GlobeSt.com, December 29, 2017

Congratulations to the New York Winners of the 2017 Women in Real Estate Awards – Connect Commercial Real Estate, December 21, 2017

The 10 Biggest Retail Leases of November – The Real Deal, December 18, 2017

Women in Real Estate Honoree: Kimberly Brennan, Colliers International – Connect Commercial Real Estate, December 15, 2017

ICSC: Demise of Retail Has Been Greatly Exaggerated – Real Estate Weekly, December 12, 2017

E-commerce Strategies Click with Brick and Mortar Operations, Too – Real Estate Weekly, December 12, 2017

Sale Volume Down, But Foreign Interest Strong For East Coast CRE – GlobeSt.com, December 12, 2017

BT Americas Nabs Rare Space in 11 Times Square – New York Post, December 12, 2017

Laidlaw & Company Relocates Headquarters To 521 Fifth Ave. – GlobeSt.com, December 7, 2017

Investment Banking Firm Heads to SL Green’s 521 Fifth Avenue – Commercial Observer, December 6, 2017

An Early Holiday Present: Manhattan Office Leasing Already Surpassed 2016’s Total – The Real Deal, December 5, 2017

Pop-Up Stores Seize the Opportunity in New York City – CoStar, December 5, 2017

Kiddie Academy to Move into Former McKenzie Door Co. Store – Real Estate Weekly, November 30, 2017 

Tech is 'The Job Growth Engine' – GlobeSt.com, November 30, 2017

Educational Daycare Opening Its First Manhattan Center in Tribeca – Commercial Observer, November 28, 2017

Uncertainty Damages Deals, a Conversation with Colliers' Joe Harbert – Connect Commercial Real Estate, November 27, 2017 

Kiddie Academy to Open First Manhattan Location – Citybizlist, November 27, 2017

Urgent Care is Latest Retail Prescription for Landlords – Crain's New York Business, November 20, 2017 

Future Bright for NYC Real Estate, a Conversation with Colliers' Joe Harbert – Connect Commercial Real Estate, November 17, 2017

The Strengths and Weaknesses of 10 Major U.S. Office Markets – Bisnow, November 15, 2017

Manhattan Office Rents Saw Biggest Decline in 3 Years: Colliers – The Real Deal, November 8, 2017

New York's Moinian Group Launches Tower in Hudson Yards – Reuters, November 3, 2017

WeWork's Lord & Taylor Flagship Purchase is Big Win for Retailer – Crain's New York Business, November 1, 2017

Aby Rosen Looking to Sell Core Club Condo at Midtown Tower – The Real Deal, October 27, 2017

Retail Rents Fall in Most Manhattan Corridors – The Real Deal, October 26, 2017

What WeWork's Lord & Taylor Deal Says About the State of Retail – Bloomberg, October 24, 2017

Industry Leaders Discuss the Greater East Midtown Rezoning – Stoler Report, October 22, 2017

Savanna Picks Up NYC Office Tower – Commercial Property Executive, October 19, 2017

Amazon’s Bookstore is Just a “Shitty Barnes & Noble”: Richard Wagman – The Real Deal, October 18, 2017

Savanna Closes $195M Purchase of Midtown’s 304K-SF Berkeley Building – Commercial Observer, October 17, 2017

Commercial Real Estate Execs are Wary of a Possible Bust – The New York Post, October 16, 2017 

Why The Commercial Real Estate Industry Is Still Hesitant To Share Data – Bisnow, October 11, 2017

In the Workplace of 2022, Co-working Will Give Rise to the Most Creative CRE Opportunities – The Mann Report, October 2017

Office Rents Are Still Below Their 2008 Peak – Crain's New York, October 9, 2017

Foreign Owners Don't Give a Buck About Concession Packages – The Real Deal, October 9, 2017 

New Concept Greek Frozen Yogurt Store to Open Near NYU – citybizlist, October 5, 2017

Knotel Expands Again with 23K SF at 655 Madison Avenue – Commercial Observer, October 5, 2017

Take Heed, Young Jedi: Advice from the Big Guns of CRE – Commercial Observer, October 4, 2017

Manhattan Office Market Surged in Q3 Behind Big Deals on West Side – Bisnow, October 4, 2017

Media Company theSkimm Doesn’t Skimp on Size of New Flatiron District Digs – Commercial Observer, October 3, 2017 

Thomas Shirocky Joins Colliers International – The Mann Report, October 2017

Real Estate Forum Presents: Top Office Brokers – Real Estate Forum, September 2017

DLA Piper Special Report: Opportunities in a Changing World – Commercial Property Executive, September 28, 2017

Colliers Adds New Director to its New York Retail Group – CoStar, September 27, 2017

Further Expansion for Colliers International's New York Retail Platform – citybizlist, September 26, 2017

These Were August’s 10 Biggest Office Leases in NYC – The Real Deal, September 13, 2017

Thomas Shirocky Joins Colliers International – citybizlist, September 5, 2017

The 10 Most Active Tenants in the U.S. – National Real Estate Investor, August 31, 2017

This Week's N.Y. Deal Sheet – Bisnow, August 30, 2017

Law Firm Arent Fox Takes 76K SF in Move Within Midtown West – Commercial Observer, August 23, 2017

Payroll Services Platform Subleases 59K SF From Tommy Hilfiger at Starrett-Lehigh – Commercial Observer, August 23, 2017

In a Thriving City, SoHo’s Soaring Rents Keep Storefronts Empty – The New York Times, August 23, 2017

Arent Fox Leases 76K Square Feet on Sixth Ave. – New York Post, August 22, 2017

Midtown Loses 5.1M S/F in Office Deals to Hudson Yards – Real Estate Weekly, August 16, 2017

East Midtown Rezoning May Open Market for Hotel-to-Office Conversions – Real Estate Weekly, August 16, 2017

Thor Equities Puts Retail Condo Near Wall Street on the Market – Bisnow, August 15, 2017

Thor Putting 88 Greenwich Retail Condo on Market for $52M – Commercial Observer, August 14, 2017

Real Estate Forgot to Take a Summer Vacation – Bisnow, August 13, 2017

Travel Agency Travel Leaders Group Takes 106,000 S/F at 1633 Broadway – Real Estate Weekly, August 9, 2017

Paramount Finalizes Big Lease Deal with Travel Group at 1633 Broadway – The Real Deal, August 8, 2017

Travel Agency Signs One of Midtown's Biggest New Leases – New York Post, August 8, 2017


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Press Releases

2017 Ends with Near Record Leasing Volume, Tighter Availability and Positive Absorption

Strength in the FIRE and TAMI industries paired with few new offerings to help Manhattan’s office market finish 2017 with the second highest leasing since 2003, stable overall availability, and higher rents in 10 of 18 submarkets.

Kiddie Academy to Open First Manhattan Location

Kiddie Academy will soon open its first Manhattan location, thank to the assistance of Tim Pond, Matthew Kuchar and Jordan Baruch.

New Concept Greek Frozen Yogurt Store to Open Near NYU

Colliers' Michael Thomas and Tim Pond recently assisted Mike & Dave's Yogurt Shop in finding a location for its flagship store.

Asking Rent Stable and Availability Tightens on Strong Leasing Activity

Manhattan’s office market continued strong in the third quarter of 2017, with consistent demand and limited new offerings leading to notable positive absorption and lower availability, according to Colliers International.

Further Expansion for Colliers International's New York Retail Platform

Rising brokerage professional Zach Nathan adds talent to Green-Mendelson team

Thomas Shirocky Joins Colliers International

Thomas Shirocky joins Colliers' New York Tri-State Consulting Group as a senior managing director, bringing more than 26 years of real estate expertise to a position critical to the development and execution of successful real estate strategies and solutions for clients.

Colliers International Executes Major Headquarters Lease in New York City for Travel Leaders Group Elite Division

Colliers continued its momentum in New York with a 106,000-square-foot lease for Travel Leaders Group Elite Division’s headquarters at 1633 Broadway in Manhattan.

Manhattan Rents and Availability are Stable; Leasing Activity is Up with Positive Net absorption; Capital Values Continue to Rise

Colliers Q2 2017 Report: The Manhattan office sector saw higher leasing, positive net absorption, and stable rents and availability in the first half of 2017.

Colliers International and Madison Square Realty Named Agent for Retail Space at Redeveloped Victoria Theater

Colliers' New York, NY office and minority business partner Madison Square Realty were named leasing agent for the retail space at the redeveloped Victoria Theater in Harlem.

Colliers Launches Campaign for $42 Million in Construction Financing for Palm Bay, FL Development

The Structured Finance team of Jeffrey Donnelly, Dmitry Levkov and Alexander Gornik was retained to source $42 million in project financing for a multifamily development in Palm Bay, FL.

Colliers International Arranges Sale of 1441 Main Street in Columbia, SC

Colliers' New York, NY and Columbia, SC offices collaborated to dispose of Wells Fargo Tower on behalf of FSP 1441 Main Street LLC.

Animoto Signs New Lease at 440 Lafayette Street

Sheena Gohil and Jack Senske represented the online video creation application in a 15,180-SF headquarters lease

Colliers International Represents Siebert Cisneros Shank & Co., LLC in Expansion of Wall Street Office

Eric Yarbro, Executive Managing Director, helps minority- and woman-owned investment bank expand to 17,000 square feet

Depth of Colliers New York Capital Markets & Investment Services Platform Increases with Addition of New Finance Lead

Ameet Amin joins firm as a senior managing director with responsibility for oversight of Colliers’ Capital Markets analytics teams focused on investment and recapitalizations in New York.

Colliers International’s New York Resources Expand Further with Addition of Another Team of Retail Experts

Michael Stone, David Tricarico and Jedd Horn Join Firm’s Tri-State Operation.

Colliers Q1 2017 Report: New Record Asking Rents

Manhattan’s average asking rent reached a new record high in the first quarter of 2017 as leasing activity increased and availability declined. Foreign investors dominated office sales.

Colliers International’s Joseph Cabrera Named a Columbia College 2017 John Jay Award Honoree

In recognition of his leadership in the commercial real estate industry, success on behalf of clients, and commitment to philanthropy and the College, Columbia College recently named Joseph Cabrera a 2017 John Jay Award honoree.

Michael Duckfield Joins Colliers

Twenty-year veteran named a director with responsibility for business development for the firm's Project Management division.

New York Chapter of IREM Names Colliers International Accredited Management Organization of the Year

Award recognizes companies that bring innovation, best practices and cutting-edge initiatives to their managed properties.




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