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Report: New York City Government Freezing Agency Lease Deals

New York
New York
April 11, 2017 Kouichi Shirayanagi, Bisnow
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180 Maiden Lane

The Department of Citywide Administrative Services is slowing down lease deals for other city agencies and has yet to explain why, the New York Post reports.

Among the signed leases stalled are a renewal of 264K SF at 109 East 16th St. for the Human Resources Administration; a new 275K SF lease for the NYC Department of Investigation at 180 Maiden Lane; and new leases for the New York Police Department, HRA and NYC Department of Sanitation at the newly renovated building at 375 Pearl St., where the NYC Department of Finance is also housed.

Although the deals have been widely reported, DCAS has not given the final sign-off of the deals, a possible sign the city is holding off to see what cuts are coming from the federal government when Congress takes on budget negotiations later this year. No representative from the Mayor Bill de Blasio's press office replied by press time.

DCAS spokesperson Cathy Hanson denied there was an across-the-board moratorium on leases.

"We are working with agencies on a case-by-case basis to reassess their space needs," she told the Post.  

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