Manhattan Office Market Trends

Stats: Quarterly Yearly

Market Overview for Quarter 3, 2022


Average price/sqft

$1.1K

41% YoY


Sales volume

$2.3B

205% YoY


Transactions

31

-24% YoY


Total sqft

2.2M

118% YoY

In total, 31 office deals closed, a decline of 24% compared to the same period last year. The average price per square foot in Quarter 3, 2022 was $1K, a change of 41% Y-o-Y.

Average Office Sale Price Per Square Feet

Manhattan office real estate price per square foot in Quarter 3, 2022 was $1K, up by 41% Y-o-Y.

Office Transactions in Manhattan

Manhattan office real estate transactions in Quarter 3, 2022 was 31, down by 24% Y-o-Y.

Office sales volume in Manhattan

Manhattan office real estate sales volume in Quarter 3, 2022 was $2.3B, up by 205% Y-o-Y.

Total sqft of Office properties sold in Manhattan

Manhattan office real estate total square feet in Quarter 3, 2022 was 2.2M, up by 118% Y-o-Y.

Recent Significant Sales

Property Address Submarket Sale Date Price Square Feet Average Price/Sqft Package Deal

Top Boroughs in New York City

Manhattan average price per sqft compared with other boroughs in New York City

Submarket Borough Average sale price/sqft Transactions Sales volume Total sqft

See also

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