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May 5, 2023 · Nationwide, the vacancy rate is about 20 percent, according to the firm JLL. Across Manhattan, the amount of empty work space is greater than in all of Houston and Dallas-Fort Worth combined.
- Office Vacancies Soar in New York, a Dire Sign for the City’s ...
While some companies are preparing to call back workers to...
- Office Vacancies Soar in New York, a Dire Sign for the City’s ...
Jun 14, 2022 · More than 120 million square feet of office space has remained vacant ever since the first quarter of 2021 and shows no signs of being reduced. As of June 1, average asking rents of $65 a square foot represented a decline of 30% from the $90 being demanded in 2019, according to Lander’s report.
Apr 3, 2023 · The first-quarter office vacancy rate in Manhattan reached 16% for the 470 million square feet of space tracked by JLL, the brokerage firm said, adding that leasing has continued a slowdown...
Apr 20, 2023 · Office vacancy rate keeps rising. Office occupancy declined in early April as schools closed for spring break in the New York area — but the big news is the worsening of the office market in Manhattan.
Feb 15, 2022 · The Financial District ended 2021 with the highest office vacancy rate of all, 25.6 percent, up by three-quarters from the year before. The U.N. Plaza area had the lowest vacancy, at 6.6 percent...
Jul 1, 2021 · While some companies are preparing to call back workers to their offices, the amount of office space available for lease in Manhattan has soared to the highest rate ever, according to reports ...
Jul 26, 2021 · The vacancy rate for Manhattan office space rose to 18%, up from 16% last quarter, and double the rate of 9% back in 2018. Large increases in vacancy rates suggest office rents may have further to fall.
