May 2019 Manhattan Office Market Snapshot

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Monthly leasing activity in Manhattan decreased by more than one-fifth since April to 2.99 MSF; 28.3% less than the 4.17 MSF leased in May 2018. EmblemHealth's 439,000 SF renewal at 55 Water Street and AIG's 320,000 SF relocation to 1271 Avenue of the Americas were the two largest leases in May.

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May 2019 Manhattan Office Market Snapshot

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