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New York City Office Market Reports

NYC Office Market Report Third Quarter 2016

NYC Office Market Report Third Quarter 2016

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 SecondContinue Reading

NYC Office Market Report, Second Quarter 2016

NYC Office Market Report, Second Quarter 2016

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.Continue Reading

NYC Office Market Report, First Quarter 2016

NYC Office Market Report, First Quarter 2016

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.      Continue Reading

NYC Office Market Report, Year-End 2015

NYC Office Market Report, Year-End 2015

NYC Office Market Report,  Year-End 2015 NYC Office Market Report-  Year-End 2015 was compiled using data provided by Costar, the Commercial Real Estate Information Company.   Market Snapshot $59.58     Average quoted asking rent.     7.5%    Total amount of vacant space.       NYC OFFICE Market Comparison- 2015 & 2014        Continue Reading

The 10 Most Lucrative Office Leases of 2015

The 10 Most Lucrative Office Leases of 2015

The 10 Most Lucrative Office Lease of 2015 is an article (reprinted below) that appeared in The Real Deal on December 29, 2015. The Real Deal Magazine provides cutting edge news on the real estate market in New York City and beyond.      Inclusion on the “10 Most” list required the convergence of three factors- Size,Continue Reading

NYC Office Rent Report, Q3 2015

NYC Office Rent Report, Q3 2015

 NYC Office Rent Report, Q3 2015 NYC Office Rent Report, Q3 2015 was compiled using data provided by Costar, the Commercial Real Estate Information Company.    In the Third Quarter of 2015, the average asking rent across all building classes (A, B & C) was $59.90 per rentable square foot. This was a 2.6% increaseContinue Reading

NYC Office Space Cost in Q2 2015

NYC Office Space Cost in Q2 2015

NYC Office Space Cost in Q2 2015 The cost of NYC Office Space in the second quarter of 2015 increased 2.5% over the prior quarter. Costar, the Commercial Real Estate Information Company reports that the average quoted asking rent was $58.40 per square foot across all building classes compared to $56.99. The average vacancy rateContinue Reading

Office Rental Rates in NY- 1st Quarter 2015

Office Rental Rates in NY- 1st Quarter 2015 Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy was 8.1% in Q1 2015, unchanged from Q4 2014. The average quoted office rental rates in NY (across A, B and C Building Classes) increased to $57.00 PSF, up 1.95% over $55.91 inContinue Reading

Office Rental Rates in NY- 4th Quarter 2014

Office Rental Rates in NY- 4th Quarter 2014    Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy decreased from 8.1% in Q3 to 7.8% in Q4 2014. The average quoted office rental rates in NY (all classes) was $55.91 PSF, an increase of .39% over $55.69 PSF in Q3.         Continue Reading

Office Rental Rates in NY- 3rd Quarter 2014

Office Rental Rates in NY- 3rd Quarter 2014

Office Rental Rates in NY- 3rd Quarter 2014    Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy decreased from 8.4% in Q2 2014 to 8.1% in Q3 2014. The average quoted office rental rates in NY (all classes) increased to $55.69 PSF, up .06% over $55.37 in Q2.      Continue Reading

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