NEW YORK, NY (July 25, 2016) – CBRE continues to set the pace for deal-making in Manhattan, with 25 of the top 50 deals—and eight of the top 10—as published today in Crain’s “Top Manhattan Office Leases.”
CBRE had an impressive showing overall. With 25 deals, the firm surpassed its closest competitor by nine deals and 2.9 million square feet. The firm’s leadership extends to both tenant and landlord representation—CBRE represented the tenant in 22 deals, and the landlord in 11. Share of square footage also provides additional insight. Out of the top 50 deals, CBRE captured 4.1 million square feet in tenant rep deals, more than three times the square footage of its closest competitor. With 2.3 million square feet in landlord deals, CBRE outpaced the next firm by twice the square footage.
“Our performance showcases the talent of our professionals at every level,” said Kyle Schoppmann, executive managing director and leader, Tri-State Occupier Services. “Our continued leadership is driven by our commitment to staying close to the market—and even closer to our clients.”
Looking at dual rep deals, CBRE led with eight, including two very significant deals in the top ten. CBRE represented both sides of the largest leasing deal since 2014—McGraw Hill Financial’s 900,000-square-foot renewal at 55 Water Street. At number six is our record-setting Citadel deal. The prestigious hedge fund secured 211,400 square feet at 425 Park Avenue.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
CBRE had an impressive showing overall. With 25 deals, the firm surpassed its closest competitor by nine deals and 2.9 million square feet. The firm’s leadership extends to both tenant and landlord representation—CBRE represented the tenant in 22 deals, and the landlord in 11. Share of square footage also provides additional insight. Out of the top 50 deals, CBRE captured 4.1 million square feet in tenant rep deals, more than three times the square footage of its closest competitor. With 2.3 million square feet in landlord deals, CBRE outpaced the next firm by twice the square footage.
“Our performance showcases the talent of our professionals at every level,” said Kyle Schoppmann, executive managing director and leader, Tri-State Occupier Services. “Our continued leadership is driven by our commitment to staying close to the market—and even closer to our clients.”
Looking at dual rep deals, CBRE led with eight, including two very significant deals in the top ten. CBRE represented both sides of the largest leasing deal since 2014—McGraw Hill Financial’s 900,000-square-foot renewal at 55 Water Street. At number six is our record-setting Citadel deal. The prestigious hedge fund secured 211,400 square feet at 425 Park Avenue.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
