NYC office market roars back to life, sending tenants scrambling: ‘Tighter than it was in 2019' [Yahoo! Finance]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: Yahoo! Finance
According to Mark Weiss, a Cushman & Wakefield broker, 'it's tighter than it was in 2019'. Tenants are struggling to find office space because available floors are quickly being gobbled up, not only at newly constructed 'trophy' towers but also at sound older locations. For example, although Costar shows six floors available at 390 Park Ave., sources said two floors were already taken by Atarios Capital and CBRE Investors is close to a deal for the other four. According to Marc Holliday, CEO of SL Green, 'Vacancies will continue to fall as low as [12%] in midtown and [below 7% in the prime Park Avenue corridor — maybe the tightest conditions I've ever seen for prime space in my career.' He also stated that 'Most importantly, because there is no new inventory, rents will rise … There are zero new ground-up office projects currently underway in core Midtown.' The demise of work-from-home is helping to boost demand, according to Mark Weiss. He said, 'At the beginning of 2024, most
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News
- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cushman & Wakefield plc (NYSE: CWK) had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- Move over, Fifth Avenue. Milan's Via MonteNapoleone has taken your crown as world's most upscale shopping street [CBS News]CBS News
- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Yahoo! Finance Canada]Yahoo! Finance Canada
CWK
Earnings
- 11/4/24 - Beat
CWK
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- CWK's page on the SEC website