The office leasing breakthrough that Downtown has been waiting for could happen by year’s end. Global trading firm Jane Street is looking to grow at Brookfield Place, we’ve learned. The electronica…
Global trading firm Jane Street is looking to grow at Brookfield Place, we’ve learned. The electronically-driven market mover, which has about 500,000 square feet at 250 Vesey St., is in talks with landlord Brookfield for more space at 300 Vesey St. next door.An expansion by Jane Street would be welcome news for the area, which has yet to catch up with the rebound in Midtown and Midtown South.
Meanwhile, much of the half-billion square-foot Manhattan market is enjoying something of a roll after three mostly down, years. The market, mostly listless since the start of the pandemic in early 2020, finally appears to be finding its footing again. Corporate expansion in the third quarter buoyed many properties, especially in the “trophy” and overall class-A categories.
Midtown South leasing of 1.32 million sf was 29% ahead of the district’s five-year quarterly average while Midtown’s 4.7 million sf ran 5% higher than the five-year quarterly average, according to CBRE. SL Green leasing director Steven Durels said TD Bank is “one of the fastest growing tenants within the SL Green portfolio.”
Real Estate Brookfield Properties Leases Lower Manhattan Realty Check
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