Q4 2020 NYC Office Market Report

Manhattan’s Office Availability Reaches Highest Rate in Decades; Leasing Volume Continues to Decline

In Q4 2020, the continued addition of direct and sublet office space to an already bloated inventory coupled with anemic leasing velocity pushed overall market availability to 15.5% (vs 11.8% in Q4 2019). 

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Q4 2020 Office Market Report