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Manhattan Market Reports

Manhattan Office Market

Average Asking Rent (Price/SF) $76.30
Availability Rate (%) 12.2%
Net Absorption (SF) -616,444

Leasing velocity for the fourth quarter was up 46.0% from last year and 43.9% when compared to the ten-year average. Leasing this quarter totaled 13.5 million square feet, bringing the yearly total above 43.2 million square feet. Both figures eclipsed this cycle's previous highs for the Manhattan office market. The new quarterly and yearly highs are 7.2% and 2.8% above their previous records, respectively.

 



Manhattan Quarterly Office Report
4Q18
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Manhattan Monthly Market Report
January 2019
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NewTrends - Workplace: Strategies of the Past and Innovations for the Future
March 2018
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NewTrends - NYC's New Giants
October 2017
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NewTrends - East Midtown Renaissance
May 2017
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