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Shell's renewal of its lease for nearly 1.3 million square feet downtown was the biggest lease signed nationwide last year.
By far the biggest lease in the third quarter involved industrial space and as such was not included in the office vacancy rates.
"It's the biggest lease deal I've ever seen," said William McCall of McCall & Almy Real Estate Advisors, a 43-year industry veteran.
"This is the biggest lease we've seen in Westchester in several years," said Frank Tomasulo, a first vice president with the CB Richard Ellis brokerage company.
In July, Coty Inc., the fragrance company, signed the biggest lease the building has seen in decades: a total of 90,000 square feet encompassing the entire 14th floor and part of the 15th floor.
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He also noted that the blog did not seem to be hurting rentals, adding, "The last few months have been our biggest leasing months so far".
"Our business is always evolving, and the more we lock into big lease commitments, the less able we are to adjust," said Mr. Young, whose company was an early, ardent convert to shared office space.
"We're on the cusp of signing the first big lease," said Mr. Simone, the president of the Simone Development Companies in New Rochelle, N.Y., which paid the state $3.7 million for the property.
Yet the big lease sales of the past decade haven't yielded anything like a surge in exploration.
Big leases have resurrected Bellevue's office market before.
That has changed, and as the end nears of its first big leasing program since its bankruptcy, the company is about to be faced with a large number of lease returns.
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