CBRE, the world’s largest commercial brokerage, leased up more office space, by far, than any other firm in Manhattan last year.
The firm unloaded about 14.5 million square feet for both landlords and tenants — or roughly a third of the 42 million square feet of new and renewal deals inked in Manhattan last year, according to a ranking by The Real Deal.
Chicago-based JLL, which notched about 10.6 million feet, ranked second, followed by Midtown-based Newmark Grubb Knight Frank, a division of the publicly traded BGC Partners, which racked up 10.4 million square feet.
The global brokerage Cushman & Wakefield took the No. 4 spot with 8.7 million feet, according to the ranking, which was compiled using industry databases, including the CoStar Group, and information from some of the firms, as well as other industry sources.
Savills Studley, which knocked out 4.7 million square feet, rounded out TRD’s top five...
And different firms obviously bring different specialties to the table. A close-up on two of the firms, Cushman and Savills Studley, drives that point home.
Savills Studley — which was formed last year when the London-based Savills, a public company, purchased long-established New York firm Studley — handled media, apparel and legal clients in its 10 biggest deals. The firm, which specializes in tenant-side deals, tapped top brass Mitchell Steir and Michael Colacino to represent the media powerhouse Time Inc. in a 669,142-square-foot deal at 225 Liberty Street in Lower Manhattan and to represent Time Warner in a short-term, 943,438-square-foot renewal at 60 Columbus Circle, so that the company could stay there before decamping to its new headquarters at the under-construction Hudson Yards site. Savills Studley also handled the roughly 97,000-square-foot renewal deal that Warner Brothers inked at 1325 Sixth Avenue, and a roughly 70,000-square-foot-deal talent firm William Morris Agency signed at 11 Madison Avenue...For the love of leasing
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National Office Sector Report (Q4 2014)