Manhattan Office Availability Hits New Peak
Office availability in Manhattan hit a new high in February, bringing office landlords to a new low.
Just under 94 million square feet of office space is available for rent in Manhattan, according to a report from Colliers. The availability rate reached 17.4 percent last month, up 74 percent since the start of the pandemic in March 2020, even as demand has more than doubled from a year ago.