Family Office Briefing on research byLee & Associates·Apr 25, 2023
2023 Q1 New York City - Office
New York City office market sees leasing activity decline 31.4% in Q1 2023 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Leasing Activity | 5.5million square feet |
| Vacancy Rate | 14.4% |
| Net Absorption | -3.6million square feet |
| Sublet Space Available | 24.6million square feet |
Metrics extracted from the source report and independently fact-checked. Method →
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