The average Class A asking rent for office real estate in Midtown, Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Plaza District had the highest average Class A rent of 95.13 U.S. dollars per square foot, while the U.N. Plaza had the lowest rate of 68.35 U.S. dollars per square foot. Times Square was the only submarket where rents rose between 2022 and 2023.
Average Class A asking rent for office space in Midtown, Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket
(in U.S. dollars)
Characteristic
Q4 2022
Q4 2023
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Colliers International. (January 8, 2024). Average Class A asking rent for office space in Midtown, Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/606154/class-a-asking-rent-midtown-manhattan-by-submarket/
Colliers International. "Average Class A asking rent for office space in Midtown, Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars)." Chart. January 8, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/606154/class-a-asking-rent-midtown-manhattan-by-submarket/
Colliers International. (2024). Average Class A asking rent for office space in Midtown, Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/606154/class-a-asking-rent-midtown-manhattan-by-submarket/
Colliers International. "Average Class A Asking Rent for Office Space in Midtown, Manhattan in 4th Quarter 2022 and 4th Quarter 2023, by Submarket (in U.S. Dollars)." Statista, Statista Inc., 8 Jan 2024, https://www.statista.com/statistics/606154/class-a-asking-rent-midtown-manhattan-by-submarket/
Colliers International, Average Class A asking rent for office space in Midtown, Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars) Statista, https://www.statista.com/statistics/606154/class-a-asking-rent-midtown-manhattan-by-submarket/ (last visited August 25, 2024)
Average Class A asking rent for office space in Midtown, Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars) [Graph], Colliers International, January 8, 2024. [Online]. Available: https://www.statista.com/statistics/606154/class-a-asking-rent-midtown-manhattan-by-submarket/