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Manhattan leasing data shows significant dip in 2022’s fourth quarter

Por: New York Post Business January 09, 2023

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There is good news, of a sort, for nervous Manhattan office landlords: Leasing for 2022 totaled 23.21 million square feet, up 14% over the year before, according to CBRE. But how couldn’t it be, given the pandemic freeze of 2021? The bad news: most fourth-quarter data stunk. Availability was slightly higher at 19.2% than in the previous quarter, and 1.54 million more square feet were leased than vacated — “negative absorption” — CBRE... + full article



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