Manhattan Office Rental Market Report, Q1 2021  Manhattan Office Rental Market Report, Q1 2021. A year has past since the pandemic began and its dramatic impact on the office market is apparent. The closure of essential businesses contributed to a migration of residents away from the city. Office occupancy in New York is now hovering…

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Office Rental Market in Manhattan, Year End 2020 Manhattan Office Rental Market, Year End 2020. At the start of 2020 the New York office market showed no signs of slowing down. Leasing activity had recorded its highest two-year run of activity in this century. Developers were adding millions of square feet (SF) of new inventory…

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Manhattan Office Rental Market, Fall 2020 Manhattan Office Rental Market, Fall 2020 remains in limbo. The volume of leases being executed for new offices is at its lowest point since 9/11.  There is deep uncertainty about whether employees can return to work safely- even after modifications are made to transportation systems, building common areas and…

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New York City Office Rental Report July 2020 New York City Office Rental Report July 2020 is presented by Cogent Realty Advisors, Inc. Cogent Realty Advisors is a licensed and independent no fee Realtor with 20 years of experience representing businesses that lease NYC office space. Our goal is to find you the right office…

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NYC Office Rental

NYC Office Rental Market, the Pandemic and Future The pandemic is having a profound effect on society, health and the economy of New York City. The long term impact on the NYC office rental market remains unknown in spite of countless predictions (often contradicting) from industry-related spokespersons including economists, building owners, brokers, architects, etc. Our…

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NYC OFFICE RENTAL REPORT, Year-End 2019 NYC OFFICE RENTAL REPORT, Year-End 2019 was compiled by Cogent Realty Advisors using data provided by Costar, the Commercial Real Estate Information Company.  Cogent Realty Advisors is licensed Tenant Representation Broker that works for business owners that lease office space. Established in 2002, Cogent Realty is 100% committed to…

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office report

NYC Office Market Report, Year-End 2018 NYC Office Market Report, Year-End 2018 was compiled by Cogent Realty Advisors using data provided by Costar, the Commercial Real Estate Information Company. This report is written for business owners that need accurate information about the local office market.   Cogent Realty Advisors is an independent and licensed NO FEE Realtor with 20 years…

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NYC office

NYC OFFICE MARKET REPORT, THIRD QUARTER 2018 NYC Office Market Report, Third Quarter 2018 was compiled using data provided by Costar, the Commercial Real Estate Information Company. This report is written for business owners that need accurate information about the local office market.    In the third quarter of 2018 the average quoted rent in the NYC office…

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NYC Office

NYC Office Market Report, Second Quarter 2018 NYC Office Market Report, Second Quarter 2018 was compiled using data provided by Costar, the Commercial Real Estate Information Company. This report is written for business owners that need accurate information about the local office market.  In the second quarter of 2018 the average quoted rent in the NYC office…

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NYC Office

NYC Office Market Report, Fourth Quarter 2017 NYC Office Market Report, Fourth Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company. In the fourth quarter of 2017 the average quoted rent in the NYC office market across all building classes was $65.96 per square foot. This represents a $0.26 PSF increase compared to…

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NYC Office Market Report, Third Quarter 2017 NYC Office Market Report, Third Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company. In the Third Quarter of 2017 the average quoted rent in the NYC office market across all building classes was $65.70 per square foot. This represents a $1.07 PSF increase compared to Q2.…

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NYC Office

NYC Office Market Report, Second Quarter 2017 NYC Office Market Report, Second Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company.     In Q2 2017 the average quoted rent in the NYC office market across all building classes was $59.93 per square foot. This represents a $5.48 per square foot decrease…

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NYC office

NYC Office Market Report, First Quarter 2017 NYC Office Market Report, First Quarter 2017 was compiled using data provided by Costar, the Commercial Real Estate Information Company. The average quoted rent in the NYC office market across all building classes was $65.41 per square foot with a vacancy rate of 8.40%.   For a more recent NYC Office…

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NYC Office Market

NYC Office Market Report, Year-End 2016 NYC Office Market Report, Year-End 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. The average quoted rent in the NYC office market across all building classes was $65.44 per square foot with a vacancy rate of 8.10%. For a more recent NYC Office Market Report  LINK HERE…

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Real Estate News for New York Business, 2016 Year-End and 2017  Real Estate News for New York Business, 2016 Year-End and 2017 is a selection of special interest reports from a variety of publications. Links are provided to original content.            2016 Another Banner Year for Commercial Real Estate  By CoStar News Staff…

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Slowdown in Leasing

Office Leasing Slowdown Should Help Tenants in 2017 An office leasing slowdown should help Tenants in 2017 that are signing new or renewal leases. Help will come by way of: (1) Reduced Rental Rates: A modest reduction in office rental rates is expected.   (2) Increased Tenant Incentives: These can include: (a) the amount of…

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NYC Office Market Report Third Quarter 2016 NYC Office Market Report Third Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Office Market Snapshot: $65.11 Average quoted rent  8.2% Amount of vacant space     For a more recent NYC Office Market Report  LINK HERE For comparison, at the end of the Second…

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NYC Office

NYC Office Market Report, Second Quarter 2016 NYC Office Market Report, Second Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot:                                                $60.26 Average quoted asking rent.…

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NYC Office Market

NYC Office Market Report,  First Quarter 2016 NYC Office Market Report, First Quarter 2016 was compiled using data provided by Costar, the Commercial Real Estate Information Company. Market Snapshot:                                          $59.55 Average quoted asking rent.      …

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