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CompStak’s Effective Rent Report Q4 2012 is out!

02/25/2013
Published By: CompStak

After much analysis, our Q4 2012 report is finally published today.

What’s new in our report? Many things:

1. CompStak looked at office transactions totaling 30.6 MSF in Manhattan, a transaction volume which represents nearly 100% of all transactions that took place last year. In other words, our report is not a sample but rather a census.

2. Effective Rents in all Manhattan markets increased for the year, although Midtown was mostly flat in the fourth quarter.

3. Midtown South: Rents increased 30% for the year and 7.6% for the quarter. Landlords could not increase asking rents fast enough and the Asking Rent - Starting rent spread narrowed to a sliver in Q4.

4. Downtown registered an impressive 10% quarter over quarter increase in Effective Rents.

5. About 70% of the deals over 100,000 SF this year were renewals. About 70% of the deals under 20,000 SF were new leases.

You can read the full report here

Release Date02/25/2013 - 08:00

Source

CompStak

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