Manhattan office vacancy budget is up a little but given the strong office leasing deliveries that is an impressive statistic, showing the strength of the office market.
Retail leasing was slower than usual with leasing down from the previous month due to a large lease from Toyota.
Manhattan Building Sales:
Manhattan investment sales retreated in June, with just over $2 billion recorded. The figure was a steep decline from May’s $3.6 billion but was right on the average for the past year.
Manhattan Office Rent Vacancy
Manhattan Retail Rent Vacancy
For the latest market research on New York City commercial real estate, contact Stephen Sunderland. Optimal Spaces releases a monthly analysis of the market, including detailed statistics and graphs: https://www.optimalspaces.com/market-research/
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