New York Market Overview
- Total Manhattan Class A Office vacancies increased from 6.4 % vacant to 6.6000000000000005 % vacant
- Total New York City Office vacancy increased from 5.8999999999999995 % vacant to 6.1 % vacant
With few new Manhattan office building under construction and no major firms relocating out of the city, the trend of office rental rate increases should continue for the foreseeable future.
