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New Office Construction Set to Hit All-Time Low in New York

Less Than 250,000 Square Feet of Space Has Started Construction Since the Beginning of the Year
Disney Headquarters, at 7 Hudson Square, will be the largest office building to complete construction in 2024. (CoStar)
Disney Headquarters, at 7 Hudson Square, will be the largest office building to complete construction in 2024. (CoStar)
CoStar Analytics
August 14, 2024 | 8:53 P.M.

A dramatic slowdown in new office construction is underway in New York, with totals declining for seven consecutive quarters.

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