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New York City Area MarketBeat Reports

Lori Albert • 10/16/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

Learn more about our local markets and property types by clicking our most recent New York MarketBeat reports below.

 

Upon the arrival of COVID-19 in the U.S., the economy entered a recession in March 2020, recording the worst decline in post-war history in Q2 2020. Mounting evidence indicates that the recovery began in May or June with Q3 2020 data likely reflecting that. But, until there is a public health resolution to the pandemic, the recovery is likely to remain uncertain and gradual. Only then can households and businesses become more confident.

Current Marketbeats

Office MarketBeat Report
Q3 2020 Manhattan Office Report

The Manhattan overall vacancy rate increased by 140 basis points during the third quarter to a 24-year high of 13.3%, as overall supply jumped to nearly 54.0 million square feet.

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Retail MarketBeat Report
Q4 2019 Manhattan Retail Report

Manhattan retail leasing activity totaled more than 4.0 million square feet (msf) in 2019, a 6.8% increase compared to 2018’s 3.4 msf leased. Leasing velocity has been on the upswing the last few years, as 2019 activity was up 9.7% from 2017.

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Office MarketBeat Report
Q3 2020 Long Island Office Report

Long Island’s office market continued to soften given the repercussions imposed by the pandemic. Nearly all
submarkets logged a quarterly rise in vacancy in Q3 2020, which caused the overall rate to shift 70 basis points higher to
12.0%.

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Industrial MarketBeat Report
Q3 2020 Long Island Industrial Report

The Long Island Industrial market was somewhat unencumbered by the weaker economic conditions provoked by the pandemic. The overall vacancy rate fell 80 basis points (bps) to 4.4% during the third quarter, reaching a new historical low.

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Industrial MarketBeat Reports
Q3 2020 NY Outer Boroughs Industrial MarketBeat

The New York Outer Boroughs' market saw almost 2.4 million square feet (msf) of new leases were inked during the third quarter, a recent quarterly high, pushing the year-to-date (YTD) total to 81.0% ahead of last year’s pace.

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Featured Insights: Current U.S. MarketBeats

Q3 U.S. Office MarketBeat Report Card Image
MarketBeat • Office

Office Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Kenneth McCarthy • 10/14/2020
Q3 U.S. MarketBeat Industrial Report Web Card Image
MarketBeat • Industrial

Industrial Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Jason Tolliver • 10/8/2020
Q3 U.S. Retail MarketBeat Report Card Image
MarketBeat • Retail

Shopping Center Reports

Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Garrick Brown • 10/14/2020

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