Family Office Briefing on research byTranswestern·May 3, 2024
Midtown South Manhattan Office Research Report - Q1 2024
Midtown South Manhattan office market sees negative absorption and rising availability in Q1 2024 — family offices should consider co-GP opportunities with disciplined operators.
OfficeQ1 2024
Key Metrics
| Metric | Value |
|---|---|
| Overall Vacancy Rate | 19.4% |
| Net Absorption | -1,511.5Thousands SF |
| Overall Vacant SF | 16.0MSF |
| Asking Rent | 86.43$/PSF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Transwestern
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