Leasing velocity has slowed in Manhattan and is kicking up in Brooklyn and Queens. More deals are coming as mega-tenants with future expirations weigh their options. “We feel good about the pipeline,” says Peter Riguardi, tri- state president of JLL. Leasing activity so far has still proved the third best since 2002. “There was some positive momentum to start the year and some rent growth,” says Richard Persichetti, vice president of research, Cushman & Wakefield. And April brought an uptick in smaller deals after the stock-plagued first quarter. But Arthur Mirante, tri-state president of Avison Young, who is pitching the 1.8 million square-foot 3 Hudson Blvd., says: “The [larger] deals...
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