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Manhattan Midtown Market Reports

Manhattan Midtown Office Market

Average Asking Rent (Price/SF)        $81.61
Availability Rate (%)          12.6%
Net Absorption (SF)      -69,889

Overall leasing in Midtown totaled 5.9 million square feet in the second quarter of 2017. Although this represents a 14.0% decline from the 6.9 million square feet leased in the second quarter of 2016, the quarter total is still 18.8% above the 10-year quarterly average.

Manhattan Midtown Office Market Report
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