Manhattan Office MarketBeats: August 2019

Richard Persichetti • 9/20/2019
Despite falling 33.2% from the previous four-month average of 3.4 million square feet (msf) leased, Manhattan new leasing remained strong with nearly 2.3 msf transacted in August. 

MANHATTAN

Manhattan Office MarketBeats August 2019 Manhattan

Midtown leasing nearly doubled month-over-month, accounting for 67.0% of Manhattan-wide activity, while Midtown South and Downtown leasing moved at a sluggish pace. Overall vacancy inched up 20 basis points (bps) as three Midtown blocks each greater than 100,000 square feet (sf) entered the market. Overall asking rents increased $0.48 per square foot (psf), mainly due to the addition of higher-priced Midtown space.

To download the full report, click here.

MIDTOWN

Manhattan Office MarketBeats August 2019 Midtown

To download the full report, click here.

MIDTOWN SOUTH

Manhattan Office MarketBeats August 2019 Midtown South

 

To download the full report, click here.

DOWNTOWN

Manhattan Office MarketBeats August 2019 Downtown

To download the full report, click here.

Related Insights

Hispanic Heritage Month Article
Article • Our Community

NEW YORK - Celebrating Hispanic Heritage Month

Celebrate Hispanic Heritage Month with Alejandro Alvarez, part of our Global Brokerage Services team in New York.
9/17/2019
DFW Office Market Report Image
Article • Forecast / Outlook

DALLAS - What's In Store For DFW's Office Market?

Dallas-Fort Worth’s office market is still on a roll, after more than half a decade of momentum. But how long can the market stay strong?
6/26/2019
Charlotte Office Fast Five
Article • Office

CHARLOTTE - Q4 2019 Office Fast Five Facts

Charlotte experienced a record-setting year, culminating the highest amount of absorption and deliveries in any given year by an
overwhelming margin.
William Propst • 2/10/2020

Would You Like To Learn More?

Our professionals are ready to provide further details on this and many other topics.