The average Class A asking rent for office real estate in Downtown Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Tribeca had the highest average Class A rent of 158.63 U.S. dollars per square foot. Renting a square foot of Class A property in Tribeca cost more than double the cost in all the other submarkets in Downtown Manhattan. Meanwhile, the Insurance District was the only district where Class A office rents rose between 2022 and 2023.
Average Class A asking rent for office space in Downtown Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket
(in U.S. dollars)
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Colliers International. (January 8, 2024). Average Class A asking rent for office space in Downtown Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/606163/class-a-asking-rent-downtown-manhattan-by-submarket/
Colliers International. "Average Class A asking rent for office space in Downtown Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars)." Chart. January 8, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/606163/class-a-asking-rent-downtown-manhattan-by-submarket/
Colliers International. (2024). Average Class A asking rent for office space in Downtown Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/606163/class-a-asking-rent-downtown-manhattan-by-submarket/
Colliers International. "Average Class A Asking Rent for Office Space in Downtown 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/606163/class-a-asking-rent-downtown-manhattan-by-submarket/
Colliers International, Average Class A asking rent for office space in Downtown Manhattan in 4th quarter 2022 and 4th quarter 2023, by submarket (in U.S. dollars) Statista, https://www.statista.com/statistics/606163/class-a-asking-rent-downtown-manhattan-by-submarket/ (last visited December 21, 2024)
Average Class A asking rent for office space in Downtown 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/606163/class-a-asking-rent-downtown-manhattan-by-submarket/
