Brokers, owners believe Downtown set for another big year
January 14, 2015


It’s all about lower Manhattan in 2015.

That’s the verdict from commercial real estate executives, who expect activity downtown to just keep growing, building from the momentum of 1WTC, Brookfield Place, and the newly-opened Fulton Transit Center...

“I think we’ll continue to see leasing in downtown (in 2015),though Hudson Yards has picked up as well,” said Heidi Learner, chief economist at Savills Studley. “Those two will see a lot of activity.”

Learner predicts that interest rates will move gradually, and not until the second half of 2015. “I think they’ll be very gradual, I don’t think it will effect financing terribly...”

Real Estate Weekly: Brokers, owners believe Downtown set for another big year




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