Office space availability rate in Manhattan 2022-2023, by district
The availability rate of offices in Manhattan rose in all districts between the fourth quarter of 2022 and the fourth quarter of 2023. The average availability rate was 17.9 percent in 2023. The Midtown district had the lowest availability rate in that quarter, at 15.9 percent. Conversely, Downtown Manhattan had the highest share of available offices, at 20.9 percent.