Family Office Briefing on research byTranswestern·Jan 26, 2024
Downtown Manhattan Office Research Report - Q4 2023
Downtown Manhattan office leasing activity increased to 1.2 million square feet in Q4 2023 — family offices should consider co-GP opportunities with strong operators.
OfficeQ4 2023
Key Metrics
| Metric | Value |
|---|---|
| Leasing Activity | 1.2MSF |
| Net Absorption | 938.3Thousands SF |
| Overall Vacancy Rate | 19.9% |
| Overall Vacant SF | 18.2MSF |
| Asking Rent | 55.48PSF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Transwestern
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