{"id":14599,"date":"2020-05-05T16:43:22","date_gmt":"2020-05-05T16:43:22","guid":{"rendered":"http:\/\/leeassociatesnyc.com\/?post_type=post&p=14599"},"modified":"2024-08-27T17:43:37","modified_gmt":"2024-08-27T21:43:37","slug":"1q-2020-nyc-office-market-report-2","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/new-york\/2020\/05\/05\/1q-2020-nyc-office-market-report-2\/","title":{"rendered":"Q1 2020 NYC Office Market Report"},"content":{"rendered":"
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After several years of significant growth, office leasing velocity started to slow in January and fell precipitously in the final days of the first quarter as a direct result of the COVID-19 pandemic. Although uncertainty abounds as the world navigates through unchartered waters, we foresee leasing velocity stalling further, causing availability rates to materially increase across each of New York City\u2019s submarkets, as a deluge of sublet space is added to 2Q 2020 inventory from tenants downsizing and continuing to work remotely.<\/p>\n<\/div>\n

Click here to read the full report.<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

After several years of significant growth, office leasing velocity started to slow in January and fell precipitously in the final days of the first quarter as a direct result of the COVID-19 pandemic. Although uncertainty abounds as the world navigates through unchartered waters, we foresee leasing velocity stalling further, causing availability rates to materially increase across each of New York City\u2019s submarkets, as a deluge of sublet space is added to 2Q 2020 inventory from…<\/p>\n","protected":false},"author":203,"featured_media":3225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,21,26],"tags":[],"class_list":["post-14599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","category-office","category-reports-metrics"],"yoast_head":"\nQ1 2020 NYC Office Market Report - Lee & Associates New York City<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/new-york\/2020\/05\/05\/1q-2020-nyc-office-market-report-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q1 2020 NYC Office Market Report\" \/>\n<meta property=\"og:description\" content=\"After several years of significant growth, office leasing velocity started to slow in January and fell precipitously in the final days of the first quarter as a direct result of the COVID-19 pandemic. Although uncertainty abounds as the world navigates through unchartered waters, we foresee leasing velocity stalling further, causing availability rates to materially increase across each of New York City\u2019s submarkets, as a deluge of sublet space is added to 2Q 2020 inventory from...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/new-york\/2020\/05\/05\/1q-2020-nyc-office-market-report-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee & Associates New York City\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-05T16:43:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-27T21:43:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/new-york\/wp-content\/uploads\/sites\/42\/2018\/10\/Screen-Shot-2018-10-30-at-9.27.45-AM-768x781.png\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"781\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kas Xhakli\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kas Xhakli\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2020\\\/05\\\/05\\\/1q-2020-nyc-office-market-report-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2020\\\/05\\\/05\\\/1q-2020-nyc-office-market-report-2\\\/\"},\"author\":{\"name\":\"Kas Xhakli\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/#\\\/schema\\\/person\\\/41703dec08a71207097a3de765c4b952\"},\"headline\":\"Q1 2020 NYC Office Market Report\",\"datePublished\":\"2020-05-05T16:43:22+00:00\",\"dateModified\":\"2024-08-27T21:43:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2020\\\/05\\\/05\\\/1q-2020-nyc-office-market-report-2\\\/\"},\"wordCount\":94,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2020\\\/05\\\/05\\\/1q-2020-nyc-office-market-report-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/wp-content\\\/uploads\\\/sites\\\/42\\\/2018\\\/10\\\/Screen-Shot-2018-10-30-at-9.27.45-AM.png\",\"articleSection\":[\"Insights\",\"Office\",\"Reports & Metrics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2020\\\/05\\\/05\\\/1q-2020-nyc-office-market-report-2\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/new-york\\\/2020\\\/05\\\/05\\\/1q-2020-nyc-office-market-report-2\\\/\",\"name\":\"Q1 2020 NYC Office Market Report - 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