{"id":24364,"date":"2023-07-12T20:24:52","date_gmt":"2023-07-12T20:24:52","guid":{"rendered":"http:\/\/leeassociatesnyc.com\/?post_type=post&p=24364"},"modified":"2024-08-27T17:42:07","modified_gmt":"2024-08-27T21:42:07","slug":"q2-2023-manhattan-office-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/new-york\/2023\/07\/12\/q2-2023-manhattan-office-market-report\/","title":{"rendered":"Q2 2023 Manhattan Office Market Report"},"content":{"rendered":"

Leasing activity fell below historical levels in the second quarter to 6.2 million square feet, reflecting a 31.4% year-over-year decline and a 29.5% decline from the five-year rolling quarterly average of 8.8 million square feet. Q2 2023 leasing activity outpaced the first quarter due to a 630,000 square foot lease signed at 110 William Street by the Department of Citywide Administrative Services, leading to a 7.4% quarter-over-quarter increase in total activity. For the first half of 2023, leasing activity totaled 11.9 million square feet, a 29.8% drop from 17.1 million square feet in the first half of last year.<\/p>\n

Read the complete report here:<\/p>\n

Q2 2023 Manhattan Office Market Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Leasing activity fell below historical levels in the second quarter to 6.2 million square feet, reflecting a 31.4% year-over-year decline and a 29.5% decline from the five-year rolling quarterly average of 8.8 million square feet. Q2 2023 leasing activity outpaced the first quarter due to a 630,000 square foot lease signed at 110 William Street by the Department of Citywide Administrative Services, leading to a 7.4% quarter-over-quarter increase in total activity. For the first half…<\/p>\n","protected":false},"author":203,"featured_media":11574,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,21,26],"tags":[],"class_list":["post-24364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights","category-office","category-reports-metrics"],"yoast_head":"\nQ2 2023 Manhattan 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\/2023\/07\/12\/q2-2023-manhattan-office-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q2 2023 Manhattan Office Market Report\" \/>\n<meta property=\"og:description\" content=\"Leasing activity fell below historical levels in the second quarter to 6.2 million square feet, reflecting a 31.4% year-over-year decline and a 29.5% decline from the five-year rolling quarterly average of 8.8 million square feet. Q2 2023 leasing activity outpaced the first quarter due to a 630,000 square foot lease signed at 110 William Street by the Department of Citywide Administrative Services, leading to a 7.4% quarter-over-quarter increase in total activity. 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