Q4 2022 Midtown Submarket Report
After leading the market in absorption for two consecutive quarters, Midtown recorded 36,618 square feet in absorption ranking fourth amongst submarkets in Q4. However, from an annual standpoint, Midtown prevailed to be the strongest submarket with 844,500 square feet absorbed in 2022. Midtown vacancy remains virtually flat with a slight decrease of 10 basis points from
the previous quarter to now stand at 21.7%.