4Q 2020 Manhattan Office Market
Submarket | Total Inventory | Total Availability | TIM SF(1) | % of Availability(2) | RSSI(3) |
---|---|---|---|---|---|
TIER I | |||||
Park Avenue | 27M | 4M | 2.4M | 60.5% | 1.7 |
NoHo/SoHo | 9.8M | 1.4M | 833K | 57.9% | 1.7 |
Far West Side | 11.7M | 1.1M | 600K | 53.2% | 1.9 |
Sixth Ave/Rock Center | 45.2M | 5.3M | 1.9M | 35.9% | 2.8 |
Flatiron/Union Square | 24.7M | 3.9M | 1.3M | 33.1% | 3.0 |
TIER II | |||||
Downtown East | 49.9M | 6.9M | 2.2M | 31.9% | 3.1 |
Penn District | 22.1M | 2.6M | 812K | 30.7% | 3.3 |
Hudson Sq./Meatpacking | 11.8M | 1.7M | 530K | 30.6% | 3.3 |
Tribeca/City Hall | 8.7M | 862.3K | 195K | 22.6% | 4.4 |
Murray Hill | 7.8M | 1.2M | 260K | 21.4% | 4.7 |
TIER III | |||||
Grand Central | 47.6M | 7.3M | 1.5M | 20.6% | 4.9 |
Times Square South | 35.5M | 6M | 1.1M | 18.3% | 5.5 |
Chelsea | 28.6M | 4.3M | 720K | 16.8% | 5.9 |
Downtown West | 36.7M | 6.2M | 780K | 12.5% | 8.0 |
TIER IV | |||||
Plaza District | 26.7M | 5.1M | 576K | 11.4% | 8.8 |
Times Square | 14.7M | 2.9M | 330K | 11.3% | 8.8 |
Eastside | 24.4M | 4.9M | 452K | 9.1% | 10.9 |
Westside | 25.7M | 4.8M | 360K | 7.4% | 13.4 |