The City’s not-for-profit and public sector lease, sale, and purchase activity totaled 9.3 million square feet (msf) in 2018. This is 6.8% below 2017’s record high of 10.0 msf, but 52.9% above the five-year annual historical average of 6.1 msf. In total, there were 285 transactions completed in 2018—19.7% above the previous record of 238 in 2017.
Learn more by downloading the New York City Not-for-Profit and Public Sector 2018 Year-in-Review directly from this web page.
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The second half of the year started off strong with nearly 3.5 million square feet (msf) of new lease transactions completed in July, which was led by record-breaking Midtown South activity.
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