New York City Office Market Reports
NYC Office Market Report, Third Quarter 2017
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.…
Read MoreNYC Office Market Report, Second Quarter 2017- Rents Decline
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…
Read MoreNYC Office Market Report, First Quarter 2017
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…
Read MoreNYC Office Market Report, Year-End 2016
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…
Read MoreReal Estate News for New York Business, 2016 Year-End and 2017
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…
Read MoreOffice Leasing Slowdown Should Help Tenants in 2017
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…
Read MoreNYC 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 Second…
Read MoreNYC 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.…
Read MoreNYC 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. …
Read MoreNYC 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 …
Read MoreThe 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,…
Read MoreNYC 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% increase…
Read MoreNYC 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 rate…
Read MoreOffice 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 in…
Read MoreOffice 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. …
Read MoreOffice 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. …
Read MoreOffice Rental Rates in NY- 2nd Quarter 2014
Office Rental Rates in NY- 2nd Quarter 2014 Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy decreased from 8.4% in Q2 2014 from 8.5% in the previous quarter. Average quoted office rental rates in NY increased to $55.28 PSF, up 1.3% over $54.59 in Q1. An analysis…
Read MoreOffice Rental Rates in NY- First Quarter 2014
Office Rental Rates in NY- First Quarter 2014 Costar Group, the Commercial Real Estate Information Company reports that the NYC office vacancy decreased from 8.4% in 2013 to 8.5% at the end of Q1 2014. Office rental rates in NY notched up to $54.55 PSF from $52.28. Much of the space was leased by TAMI companies…
Read MoreOffice Rental Rates in NY- Year End 2013
Office Rental Rates in NY- Year End 2013 Its a big city! At the close of 2013 total office inventory in New York City amounted to 552,186,191 square feet in 3,884 buildings. But how were these spaces priced? According to Costar Group, Inc., city-wide rental rates continue to trend upward and averaged $52.35 PSF, an increase…
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