Midtown 1Q 2019 Market Update

Midtown experienced steady growth YOY, and now sits at a market leading $36.62 PSF. From 1Q18, this represents an increase of $1.34, or 3.8%. Net absorption was negative for the quarter at (11K SF). Vacancy increased in 1Q to 11.6% which is up 3.4% YOY. Vacancy hit a low of 8.23% in the first quarter of 2018, and has ticked back up by over 300 bps since then.

Published: May 29 | 2019 Download