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Manhattan Downtown Market Reports

Manhattan Downtown Office Market Report

 Average Asking Rent (Price/SF)        $63.94
 Availability Rate (%)          14.5%
 Net Absorption (SF)      298,673

At 1,243,627 square feet, third-quarter leasing activity decreased from the extraordinary leasing activity recorded in the second quarter, although it surpassed first-quarter leasing activity. Year-to-date leasing activity is consistent with the long-term average. Stable leasing coupled with a lack of space added to the market this quarter pushed availability below second-quarter levels and drove 298,673 square feet of positive absorption.

Manhattan Downtown Office Market Report
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Fashion Trends: The Next Wave of Creative Tenants Moving Downtown
September 2015
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