New York City Office Market Reports
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. …
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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