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Manhattan Office Market Update

The Manhattan office space market has never been as dynamic and fractured as it is today. While some submarkets are experiencing an increased vacancy rate with a decrease in rental rate, others are experiencing a decreased vacancy rate and increased rental rates. Regardless of the direction of the market and in which market you look, you can be absolutely sure that you’ll find tremendous value both for fully built and furnished sublease spaces and customizable direct space options. 

Explore the Manhattan Office Submarket Map below to see the current Average Rental Rates, Vacancy Rates, and the movement direction from last quarter. 

Source: Costar, Inc.