Continued job growth and a robust Q3 economy have led to the strongest performance in US 's leasing market "in recent memory", with more than 11 million sq ft leased in Q3 , a 20% rise on 2017 . The data was published in Colliers International’s quarterly report, which also revealed co-working firms were taking significant amounts of square footage, while rents were reaching record highs. Rents increased in eight of the borough's 18 submarkets over the second quarter. The midtown office market saw its best quarterly leasing performance in 2017 . In contrast, the downtown market suffered a 20% year-on- quarterly drop in leasing activity.
Continued job growth and a robust Q3 economy have led to the strongest performance in US 's leasing market "in recent memory", with more than 11 million sq ft leased in Q3 , a 20% rise on 2017 . The data was published in Colliers International’s quarterly report, which also revealed co-working firms were taking significant amounts of square footage, while rents were reaching record highs. The midtown office market saw its best quarterly leasing performance in 2017 . In contrast, the downtown market suffered a 20% year-on- quarterly drop in leasing activity.