2022 marked the 4th straight year CompStak has compiled a list of New York City’s top 10 most valuable office lease deals of the year for?The Real Deal.?
While the top deals by value have changed a lot over the years, we uncovered some key findings about 2022:
- Half of all top deals came from FIRE tenants?—?its highest share in four years;
- An Education tenant (Touro College) and Retail Trade & Apparel (Tiffany & Co.)?tenant appeared on the list for the first time;
- Most of the top deals occurred within newly-constructed buildings or major redevelopments, such as at One Madison Avenue;
- A majority of 2022 top deals had $100+ starting rents;
- Concessions awarded for top deals outpaced the market overall;
- The total combined valuation of 2022’s top 10 office deals slightly exceeded $6.5 billion, reaching its highest total value since the pandemic began.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
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