'The Fog Of War Is Lifting': More Companies Making Long-Term Decisions About Their Offices This week’s announcement of the biggest office deal of the year was welcome news for New York City’s office market, which has been battered by high availability and low occupancy. Leases like KPMG's 15-year commitment in Manhattan West — the search for which kicked off in 2018, the company said — are a sign more large corporations are finally making decisions about how they want their offices to look long-term, and what it means for the size of their spaces, industry insiders told Bisnow this week.
“I do think the fog of war is lifting a little bit for most tenants,” Savills Vice Chairman Nick Farmakis said. “I think they’ve come to the conclusion of what they want to be, and I think that maybe the activity in the market is… Read the full story here. |