Family Office Briefing on research byTranswestern·Oct 18, 2024

Manhattan Office Research Report - Q3 2024

Manhattan office leasing activity surged in Q3 2024 — family offices should consider co-GP opportunities with strong operators.

OfficeQ3 2024

Key Metrics

Metric	Value	Change / Context
Leasing Activity	21.7MSF	compared to 16.6 MSF during the same period in 2023
Absorption	5.7MSF	year-to-date net absorption measured 2.7 MSF
Overall Vacancy Rate	17.3%	compared to 16.4% in Q3 2023
Asking Rent	76.55PSF	compared to $74.54 in Q3 2023

Metrics extracted from the source report and independently fact-checked. Method →

Full report

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