New York Market Overview
- Total Manhattan Class A Office vacancies increased from 8.8 % vacant to 9.1 % vacant
- Total New York City Office vacancy increased from 7.7 % vacant to 7.9 % vacant
New York City Market Overview
Fifth Avenue in the 50's is now the world's most expensive streets to lease retail stores. The second most expensive retail space in New York City is Times Square.
Despite a slight office market slowdown throughout Manhattan within the last month, subleasing offices is on the rise.
The final taking office rents for the best spaces are at record rents in Midtown and Midtown South, and are near former peak rents in Lower Manhattan.
