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Most Expensive New York Office Neighborhood Moves South for First Time in Decades

Midtown Manhattan Has Lost Pricing Premium Over the Years, Brokerage Colliers Says
Midtown Manhattan’s first-quarter average asking office rent fell behind Midtown South for the first time on record, according to Colliers data. (Andria Cheng/CoStar)
Midtown Manhattan’s first-quarter average asking office rent fell behind Midtown South for the first time on record, according to Colliers data. (Andria Cheng/CoStar)
CoStar News
April 1, 2022 | 10:19 P.M.

Midtown Manhattan, where steel-and-glass buildings have long been the hallmarks of New York’s office market, has for the first time in decades lost its place as the most expensive office cluster in the city, according to a study.

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