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Office availability on Manhattan’s Park Avenue drops to lowest level since 2018

Lower rate is positive sign for rest of market, Avison Young says
The office availability rate on Manhattan's Park Avenue has declined to its lowest level since 2018, a study found. (Andria Cheng/CoStar)
The office availability rate on Manhattan's Park Avenue has declined to its lowest level since 2018, a study found. (Andria Cheng/CoStar)
CoStar News
February 27, 2025 | 6:59 P.M.

Manhattan’s corporate headquarters-heavy Park Avenue, hard hit during the onset of the pandemic because of its predominantly office-centric nature, has once again proved its staying power.

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