Family Office Briefing on research byLee & Associates·Apr 22, 2025
2025.Q1 New York, NY - Office
Manhattan office market shows strong recovery with 12 million square feet leased in Q1 2025 — family offices should consider co-GP opportunities with established operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 15.0% |
| Average Asking Rent | 74.10$/SF |
| Net Absorption | 44,408,729SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Lee & Associates
Building a thesis around New York? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent office strategies.
Peer Network · By Invitation
The Thesis Exchange
Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.