Family Office Briefing on research byTranswestern·May 3, 2024
Downtown Manhattan Office Research Report - Q1 2024
Downtown Manhattan office market shows negative absorption and rising availability in Q1 2024 — family offices should consider co-GP opportunities with adaptive reuse strategies.
OfficeQ1 2024
Key Metrics
| Metric | Value |
|---|---|
| Net Absorption | -396.1SF |
| Overall Vacancy Rate | 20.8% |
| Overall Availability Rate | 22.5% |
| Asking Rent | 55.16PSF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Transwestern
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