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Manhattan Midtown Market Reports

Manhattan Midtown Office Market

Average Asking Rent (Price/SF)        $80.31
Availability Rate (%)          12.0%
Net Absorption (SF)      113,253

Leasing velocity totaled 7.27 million square feet in the second quarter 2018, up 41% from the 10-year quarterly average. Half of all leasing activity was signed in Sixth Avenue/Rockefeller Center, Times Square South and Grand Central. The remaining activity was spread among Midtown's eight other submarkets.

Manhattan Midtown Office Market Report
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