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Number of Office Leases Commanding Top Dollar in Manhattan Jumps to Five-Year High, Study Finds

CBRE Scorecard Paints Sharp Contrast With Record-High Vacancies, Declining Rents in New York
CoStar News
January 11, 2022 | 10:32 P.M.

New York may be struggling with record-high office vacancies and declining rents, but the so-called flight to quality has led to another plateau in sharp contrast. Manhattan office leases commanding at least $100 per square foot in starting rent last year jumped to at least a five-year high, according to a new study.

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