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Office leasing picks up in Midtown but slows elsewhere


Midtown accounted for nearly half of Manhattan’s office leasing volume in the first month of the new decade while activity slowed in Midtown South and Downtown.

A total of 3.56 million square feet in Manhattan office leasing deals closed in January, according to the latest market report from Colliers International — a third less than in December and 17 percent below the year-earlier figure.

 

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Franklin Wallach

Executive Managing Director

New York

Franklin Wallach is a Senior Managing Director, Research at Colliers International. Franklin's role includes a focus on quarterly and monthly trends within the Manhattan and Brooklyn office markets while using multiple databases and maintaining contacts within the industry in order to provide in-depth market analysis to brokers and clients.

Franklin reports on the office market on a monthly and quarterly basis through analytical reports as well as presentations to tenants, landlords and the press. Data analyzed by Franklin includes: average asking rents, availability rates, concessions, absorption, tenants in the market, leasing activity, construction and future tenant demand. Franklin has been quoted by numerous New York City commercial real estate periodicals including The Real Deal and GlobeSt.com.

Franklin joined Colliers after working in CBRE's Lower Manhattan office as a Senior Research Analyst.

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