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Manhattan Midtown South Market Reports

Manhattan Midtown South Office Market

Average Asking Rent (Price/SF)         $74.26
Availability Rate (%)           11.1%
Net Absorption (SF)     -488,441

The Midtown South market finished the third quarter with 1.4 million square feet of leasing activity, marking seven straight quarters of less than 2.0 million square feet. Leasing was down 27.5% quarter-over-quarter and was 42.0% lower than the five-year quarterly average of 2.4 million square feet. However, year-to-date leasing is 6.3% higher than at this point last year.



Manhattan Midtown South Office Market Report
3Q17
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