WebApr 20, 2024 · D espite optimistic proclamations from the real estate industry that the end of the pandemic is in sight, New York City’s office market continues to sink to new and unprecedented low points. The office vacancy rate in Manhattan reached 16.3 percent in the first quarter of 2024, up from 11.3 percent a year ago and hitting the highest level … WebDec 6, 2024 · December 6, 2024. On the heels of the Covid-19 pandemic, New York City government is in the midst of a vacancy crisis across many City agencies. As of October 2024, the citywide vacancy rate stood at …
Staten Island has one of highest storefront vacancy rates in NYC…
WebFeb 28, 2024 · It says the commercial vacancy rate will remain above 19% for the next two years, near its all-time high, with asking rents remaining low as some new buildings come on to the market and working from home remains a drag. Average asking rents are expected to remain stuck around $72 a square foot compared with $80 before the pandemic. WebSep 27, 2024 · The citywide vacancy rate, measured as vacant retail square feet divided by total retail square feet, rose from 4% in 2007 to 5.8% in 2024. An additional 5.2 million square feet of retail space ... scullys lavender gift shop bulls
New York City retail rents tumble to historic lows, store ... - CNBC
WebJun 15, 2024 · 450 West 31st Street, New York, NY 10001 Phone: 212-260-1332 We use cookies on our website to give you the most relevant experience by remembering your … WebOct 11, 2024 · The office vacancy rate hit a 30-year high of 18.6 percent, easily outpacing the 15.2 percent rate at the end of 2024. Among the city’s three major business districts, … WebJan 29, 2024 · Last year, Moody released projections that show the national commercial vacancy rate will reach 19.9$ in 2024 and 20% in 2024, ... Office space in New York City is notoriously pricey, with some parts of Manhattan commanding rents over $90 or $100 per square foot. Before 2024, because available office space was limited, the competition … scullys lavender shop bulls