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Manhattan Midtown South Market Reports

Manhattan Midtown South Office Market

Average Asking Rent (Price/SF)         $73.26
Availability Rate (%)           10.5%
Net Absorption (SF)     -504,791

The Midtown South market endured another subdued quarter of leasing, compiling just 1.6 million square feet of volume over the second quarter of 2017. This marks a 2.9% decrease year-over-year and is well below the five-year quarterly average of 2.4 million square feet. Leasing year-to-date is down 11.5% year-over-year.



Manhattan Midtown South Office Market Report
2Q17
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