April 7, 2025 3:00 PM
Newmark announces the company has hired Greg Conen, one of New York City’s preeminent leaders in new construction office leasing, as a Vice Chairman. Conen will work closely with Executive Vice Chairmen Howard Hersch and Steven Rotter and Vice Chairman Scott Klau, some of the industry’s most creative and strategic office advisors, to lead and scale Newmark’s high-profile new construction agency leasing assignments throughout Manhattan. His arrival marks a significant step in the firm’s continued evolution, strengthening its ability to provide clients with forward-thinking solutions in an increasingly dynamic office leasing landscape.
“Newmark has built its team intentionally, hand-selecting the most talented individuals the industry has to offer,” said Barry Gosin, Chief Executive Officer of Newmark and Chairman of Newmark & Company Real Estate, Inc. “We are determined to be in every conversation as a go-to provider in New York City, a leading commercial real estate market and home to our headquarters. Adding Conen’s relevant experience and expertise helps us to offer what we believe will be an evolutionary capability within the industry.”
Conen led the successful development and leasing of the 66-story Spiral, a 2.8-million-square-foot office tower recently constructed at 66 Hudson Boulevard, while acting as Managing Director of Leasing for Tishman Speyer. Among his other notable accomplishments, he also oversaw Morgan North, the 630,000-square-foot office and mixed-use redevelopment of a former U.S. Post Office in West Chelsea.
“Greg brings expertise and hands-on experience advising corporations and institutional investors on new office construction projects that few in the New York City market can offer,” said Hersch. “His extensive knowledge, empowered by Newmark’s deep industry relationships, allows our company to differentiate its office leasing offering to what’s available in the marketplace today.”
Trophy office space in Manhattan is among the most in-demand property types, according to Newmark Research’s “Winning Office” report. Trophy rents can command a 25% to 40% premium over Class A within established and mature markets such as Manhattan, where just 6.7% of space in trophy office properties was available in the fourth quarter of 2024. Newmark is tracking more than 27 million square feet in tenant demand across Manhattan in March, up from just below 20 million square feet a year ago. Further, more than 70% of tracked large block availabilities (100,000 square feet or more) in Manhattan are in the middle or lower floors of buildings, limiting high-quality availability.
“Attracting and retaining top talent is key to sustaining Newmark’s strong presence and growth in New York City,” said Sean Moynihan, Tri-State Market Leader. “Greg’s knowledge of new construction leasing enhances our ability to deliver strategic, high-impact solutions to investors, further positioning Newmark as the firm of choice for marquee office projects.”
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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