How Do The Major Office Brokerages Rank in NY?
April 1, 2010
By: Adam Pincus

The battle to be the top commercial listing brokerage in Midtown is surprisingly fierce between rivals CB Richard Ellis and Cushman & Wakefield. And successful leasing transactions over the coming months could determine who leads the way when the economy recovers.

Top national firms represent more than 41 million square feet of vacant space in the Manhattan office market today, and every foot represents not only potential commission income, but also space that each company could fail to lease ...

... Some firms said they did not seek out such office listings at all. For example, Mitchell Steir, chairman and CEO at commercial advisory firm Studley, which only represents tenants, said his company doesn't want sublease listings.

"We try to keep the number of listings as low as possible," Steir said. "We do sublease work for our existing clients when needed. So therefore, our objective is to not increase the number of listings, because that means our clients have excess capacity."  ...

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