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Manhattan Market Reports

Manhattan Office Market

Average Asking Rent (Price/SF) $75.87
Availability Rate (%) 12.3%
Net Absorption (SF) 1,039,357

The Manhattan office market recorded 9.3 million square feet of leasing activity in the third quarter of 2017, a 6.3% increase from the third quarter of 2016. This year, 28.5 million square feet of space has been signed, with 37 deals signed over 100,000 square feet. Fourteen of these were signed in the third quarter alone. This year-to-date leasing total is 5.1% above the 10-year average and up 4.2% from last year's total of 27.4 million square feet. Government and membership organizations signed three of the top four deals this quarter.



Manhattan Quarterly Office Report
3Q17
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Manhattan Monthly Market Report
October 2017
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NYC NewTrends: WeLease: The Growth of Shared Workspace and Its Impact on the New York City Market
June 2016
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NYC NewTrends: Midtown's Pent-Up Supply
January 2016
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Fashion Trends: The Next Wave of Creative Tenants Moving Downtown
September 2015
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Manhattan Monthly Market Report
October 2017
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