Market Insights

Commercial Real Estate Research and Analysis for
New York City

Market insight is the essential ingredient in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.

Search Local Research

Recent Reports | New York City

Market Report
2Q 2017 Manhattan Office Market Report

At mid-year (1H 2017), leasing activity in Manhattan was up and absorption turned positive. Manhattan’s asking rent average and availability rate were both stable.

Market Report
2Q 2017 Midtown Office Market Report

During the first half of 2017 (1H 2017), leasing in Midtown increased, asking rents were slightly down, availability was up and absorption was flat.

Market Report
2Q 2017 Midtown South Office Market Report

Demand in Midtown South during the first half of 2017 (1H 2017) remained stable but asking rents declined. Availability was up and absorption was negative for the third consecutive six-month period.

Market Report
2Q 2017 Brooklyn Office Market Report

Availability in Colliers’ “Brooklyn 30” decreased 1.1pp (percentage points) to 20.9% after several leases closed and sizable blocks were removed from the market.1 Year-over-year, availability dropped 0.7pp.

Market Report
2Q 2017 Downtown Office Market Report

Downtown leasing activity during first-half, 2017 (1H 2017) was higher than any six month period in the past three years. Availability tightened, absorption was positive and the asking rent average reached a new record high.

Market Report
May 2017 NYC Monthly Snapshot

At 2.28 MSF, monthly leasing activity in Manhattan dropped by more than one-fourth with a steep decline in Midtown leasing.

Market Report
May 2017- Behind the Numbers -Class Warfare

The distinctions between the classes – A, B and C - were, for many years, relatively straightforward: Each appealed to a certain tenant base and pricing reflected grade. A lot has changed recently: The rent gap between the building classes has narrowed with new demand for B and C class buildings.

Market Report
1Q 2017 Manhattan Office Market Report

The Manhattan office market began 2017 with a new record-high asking rent average, tightening availability and near flat absorption, quarter-over-quarter.

Market Report
1Q 2017 Midtown Office Market Report

First quarter leasing in Midtown was stronger than in any quarter in the past two years. Quarterly asking rents were higher, availability tightened and absorption was slightly positive.

Market Report
1Q 2017 Midtown South Office Market Report

Midtown South began 2017 with historic high asking rents despite lower tenant demand. Quarterly availability for both direct and sublet space was up and first quarter absorption was negative for the third consecutive quarter.

Market Report
1Q 2017 Downtown Office Market Report

Downtown leasing activity in 1Q 2017 was higher than any quarter in more than three years. In addition to tighter availability and positive absorption, the quarterly asking rent average reached a new record high.

Market Report
1Q 2017 Brooklyn Office Market Report

Availability in Colliers’ “Brooklyn 30” decreased 1.7pp (percentage points) to 22.0% after strong first quarter leasing.1 Year-over-year, availability dropped 1.6pp.

Market Report
Year-End 2016 Manhattan Office Market Report

Manhattan full-year leasing activity was higher year-over-year.  Leasing in 2016 not only bested 2015, it also surpassed full year leasing from eight of the last ten years.

Market Report
Year-end 2016 Manhattan Construction Market Report

There is strong demand for office space in Manhattan’s newest buildings. Transactions totaling 2.86 MSF (greater than 15,000 SF) closed in buildings built since 2010, a 61.7% increase over 2015’s 1.77 MSF.

Market Report
Year-end 2016 Midtown Office Market Report

Aside from 2015’s slightly higher 16.71 MSF, 2016’s 16.66 MSF was Midtown’s strongest full-year leasing since 2003.  Asking rents in Midtown were higher year-over-year.  Availability was up modestly while absorption was negative. 

Market Report
Year-end 2016 Midtown South Office Market Report

Midtown South’s asking rent average increased year-over-year to a new record high despite higher availability and negative absorption. Tenant demand for Midtown South space continued and leasing activity was up for the year.

Market Report
Year-end 2016 Downtown Office Market Report

Downtown ended 2016 with a new record asking rent average, tighter availability and positive absorption.  Nonetheless, Downtown leasing was weaker in 2016 than it has been in five of the last ten years. 

Market Report
Year-end 2016 Brooklyn Office Market Report

The Brooklyn office market had another noteworthy year in its evolution from an industrial/back-office submarket into Manhattan’s fourth stand-alone market alongside Midtown, Midtown South and Downtown. 

Browse all reports

Recent Reports

Visit now

Expertise

We pride ourselves on building and sharing expertise in order to create success for our clients and our people. Our passion for continuously expanding our knowledge base enables us to take a fresh and imaginative approach to everything we do.

New York
666 Fifth Avenue New York, NY 10103 United States | Tel: +1 212 716 3500