Anchor Tenants Disrupt Manhattan's Office Market
Top corporate names are signing for new space years in advance, freeing up much-needed square footage while boosting rents.
A handful of high-profile developers are moving forward with huge premier office projects in Manhattan, mostly in Midtown, and negotiating with anchor tenants, mostly financial services, tech, and law firms.
- Deloitte agreed to lease 800,000 square feet at 70 Hudson Yards, a 1.1 million-square-foot office skyscraper.
Anchor tenants are the shiny new toy in New York City’s office market.
Author summary: Anchor tenants boost Manhattan's office market.