Average Class B asking rent for office property Manhattan 2022-2023, by submarket

Published by Statista Research Department, Apr 29, 2024

The average Class B asking rent for office real estate in Manhattan in the fourth quarter of 2023 was 67.81 U.S. dollars per square foot. The district that reported the highest average Class B rent was Midtown South, where a square foot of space cost 74.02 U.S. dollars. Between the fourth quarter of 2022 and the fourth quarter of 2023, rents in Midtown South increased, while in Midtown and Downtown, they declined.

Average Class B asking rent for office real estate in Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars)

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Release date

January 2024

Region

United States

Survey time period

Q4 2022 and Q4 2023

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