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Has New York City’s Office Sector Hit Bottom? Potentially, CoStar Data Shows.

Unlike Other Major Markets, Manhattan's Available Office Space Declines
New York City has seen its office availability rate decline by 40 basis points over the past 12 months. (CoStar)
New York City has seen its office availability rate decline by 40 basis points over the past 12 months. (CoStar)
CoStar Analytics
July 8, 2024 | 3:41 P.M.

New York City has become the country's first major market where the amount of available office space declined in the past year, a signal it may be on a path to recovery after hitting rock bottom.

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News | Has New York City’s Office Sector Hit Bottom? Potentially, CoStar Data Shows.