Average Class B asking rent for offices Midtown South Manhattan 2022-23, by submarket
The average Class B asking rent for office real estate in Midtown South, Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Greenwich Village had the highest average Class B rent of 94.88 U.S. dollars per square foot while Penn Plaza/ Garment had the lowest rate of 52.42 U.S. dollars per square foot. The average class B asking rent in Midtown South was 74.02 U.S. dollars per square foot in that quarter.