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Manhattan Market Reports

Manhattan Office Market

Average Asking Rent (Price/SF) $75.32
Availability Rate (%) 12.1%
Net Absorption (SF) 537,094

The Manhattan office market recorded 9.3 million square feet of leasing activity in the final quarter of 2017. This is on par with the 10-year quarterly average and 4.6% above the third quarter of the year. This also represents an increase from the fourth quarter of 2016 by 13.9%. Overall, the 2017 leasing total was 37.4 million square feet, which was 5.4% greater than the previous year’s total; however, it falls below the five-year average by 1%.


Manhattan Quarterly Office Report
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Manhattan Monthly Market Report
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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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