|
|
7/26/22
|
This report was provided by real estate services firm Cushman & Wakefield
1 – Office rents reached a new record high of 510,600 positions, up 7.9% YOY.
2 – VC funding was at $9.6B, the sixth highest quarterly figure on record.
3 – Citywide vacancy is stable at 21.7% compared to Q1 2022.
4 – Citywide asking rents totaled $75.65 psf, down 1.3% from the first quarter. Class A CBD asking rents decreased 1.0% since last quarter, totaling $80.55 psf. The decrease in asking rents is largely attributed to new leasing of quality space in non-CBD submarkets. CBD rents in top tier buildings remain strong.
5 – New leasing totaled 1.3 msf in the second quarter driven by robust activity in small to mid-size transactions. There was an increase in activity for leases >50,000 sf.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
