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Manhattan Midtown South Market Reports

Manhattan Midtown South Office Market

Average Asking Rent (Price/SF)         $76.04
Availability Rate (%)           10.8%
Net Absorption (SF)         95,716

Midtown South posted 2.7 million square feet of leasing, the highest total since fourth-quarter 2015 and 11.0% higher than the long-term quarterly average. Facebook signed the market's largest deal of the quarter with a 370,000-square-foot expansion at 770 Broadway, taking space vacated by J.Crew.



Manhattan Midtown South Office Market Report
2Q18
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