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SL Green’s Results Hit by Year-Over-Year Rent Decline, Spike in Concessions

But Trophy Office Properties Such as One Vanderbilt in New York Are Outperforming
SL Green Realty’s One Vanderbilt in midtown Manhattan remains a top performer. (Andria Cheng/CoStar)
SL Green Realty’s One Vanderbilt in midtown Manhattan remains a top performer. (Andria Cheng/CoStar)
CoStar News
July 21, 2022 | 12:04 AM

SL Green Realty, Manhattan’s largest office landlord, reported second-quarter results that showcased a continued divide between top-tier office properties such as its new trophy tower One Vanderbilt versus others that often have to yield when it comes to rents and concessions.

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