Reports & Metrics

Manhattan direct asking rents in the third quarter averaged out to $73.42, down $0.63 from the second quarter and $0.82 from a year ago. Leasing volume continues to be strong with approximately 25 million square feet leased year-to- date, causing a decrease in both the available and vacant supply of office space below 65th Street. The availability rate decreased slightly by 10 basis points to 11.5% (also the five-year average in Manhattan) from 11.6% over…

We think smarter about real estate. Lee & Associates’ state-of-the-market reports issued quarterly for industrial, retail, and office markets offer trend-tracking insight you’ll find nowhere else. Teams across our national company write articles on nation-wide, industry-related topics and highlight significant deals, sales, deliveries and construction. Q2 2018 Market Reports (Interactive)

We think smarter about real estate. Our Trend Trackers—state-of-the-market reports issued quarterly for Manhattan, Long Island and, coming soon, Brooklyn—offer insight you’ll find nowhere else. We write articles on industry-related topics, lead panels, and remain involved in issues that affect our City and our industry. 4Q 2017 Market Office Report (Trend Tracker)

US Industrial Market – Demand Falls But Healthy, Signs of Caution Demand for industrial space fell 15.6% in 2017 from a year ago as net absorption totaled 231 million SF, its lowest level since 2014. Despite stronger fourth-quarter demand, net absorption of industrial space nationwide skidded 13% for the year and flex space plunged 36.5%. Click here to read the entire Q4 2017 Lee Industrial Brief

The Manhattan retail leasing market is still in a corrective period. The increased rents of previous years are receding. Deals are still getting done, but they favor parties willing to be flexible with deal structure, uses, asking rent adjustments, and increased concession packages. The correction may prove healthy for both the short and long-term viability of the Manhattan retail leasing market. Per square foot ground floor retail asking rents declined year-over-year in 13 of the…

We think smarter about real estate. Our Trend Trackers—state-of-the-market reports issued quarterly for Manhattan, Brooklyn, Queens, and Long Island—offer insight you’ll find nowhere else. We write articles on industry-related topics, lead panels, and remain involved in issues that affect our City and our industry. 1Q 2017 Market Office Report (Trend Tracker)  

We think smarter about real estate. Our Trend Trackers—state-of-the-market reports issued quarterly for Manhattan, Brooklyn, Queens, and Long Island—offer insight you’ll find nowhere else. We write articles on industry-related topics, lead panels, and remain involved in issues that affect our City and our industry. 2Q 2017 Market Office Report (Trend Tracker)

We think smarter about real estate. Our Trend Trackers—state-of-the-market reports issued quarterly for Manhattan, Long Island and, coming soon, Brooklyn—offer insight you’ll find nowhere else. We write articles on industry-related topics, lead panels, and remain involved in issues that affect our City and our industry. 3Q 2017 Market Office Report (Trend Tracker)