Manhattan office landlords fearful of losing JPMorgan Chase leases to its debuting headquarters at 270 Park Avenue need not yet worry. The bank expanded its presence at Brookfield’s 5 Manhattan West by 139,000 square feet in the fourth quarter, according to the Commercial Observer. The expansion, disclosed in a Colliers office report, brings JPMorgan’s footprint at the Midtown West building to 565,000 square feet. Further details of the deal, including the length of the expansion and the asking rent, were not reported. But the average asking rent in Midtown in the fourth quarter was $84.24 per square foot, according to […]

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