Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Manhattan Office MarketBeats: July 2019

8/26/2019

The second half of the year started off strong with nearly 3.5 million square feet (msf) of new lease transactions completed in July, which was led by record-breaking Midtown South activity.

MANHATTAN

Manhattan Office MarketBeats July 2019 Manhattan leasing 1

This drove Manhattan year-to-date leasing to 21.7 msf, despite Midtown recording the lowest monthly leasing total during July in over a decade with only 754,976 square feet (sf) leased. Overall vacancy edged up 10 basis points (bps) as five blocks, each greater than 100,000 sf, entered the market. Manhattan asking rents dipped $0.34 per square foot (psf) in July, mainly due to the addition of lower-priced available space in Midtown.

To download the full report, click here.

MIDTOWN

Manhattan Office MarketBeats July 2019 Midtown South Submarket Snapshot 2

 

To download the full report, click here.

MIDTOWN SOUTH

Manhattan Office MarketBeats July 2019 Midtown South Submarket Snapshot 3

To download the full report, click here.

DOWNTOWN

Manhattan Office MarketBeats July 2019 Downtown Submarket Snapshot 4

To download the full report, click here.

Related Insights

Sustainability_Commitments
Article • Sustainability

New York City Climate Mobilization Act Overview

Cushman & Wakefield’s Environmental, Social and Governance (ESG) team breaks down the NYC Climate Mobilization Act and how our ESG and engineering professionals can help pave a roadmap for legislative compliance. 
Kevin Smith • 12/7/2021
self storage midyear report
Insights • Capital Markets

Self-Storage Midyear National Report

Pre-COVID-19, the self-storage market was on an upward trajectory. Construction spending had slowed down, facilities were leasing up, and demand for self-storage product was strong.
Mike Mele • 6/16/2020
New York City Area Aerial
Article • Office

NEW YORK - Manhattan Office May 2019

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Richard Persichetti • 11/6/2019

Ready to talk?

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

Cushman & Wakefield uses cookies to analyze traffic and offer our customers the best experience on this website. Close this dialog to confirm your consent, or visit this page to learn more:
Cookie Notice

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
AGREE ALL
REJECT ALL
SAVE SETTINGS