Madison Avenue Survey - March 2021

Madison Avenue | Market Snapshot East 57 th to East 72nd Street

Recent Top Transactions

Q4 20 Q4 19 39.2% 24.9%

Overall Availability Rate:

1

$1,200 PSF 645 Madison Avenue $467 PSF 809 Madison Avenue

Highest Asking Rent:

35.8% 22.0%

Direct Availability Rate:

3.4% 2.9%

Sublease Availability Rate:

Lowest Asking Rent:

689 Madison Avenue 4,683 SF

$772 $928

Average Ground Floor Asking Rent (PSF):

1,629 1,745

Average Ground Floor Size (SF):

Q3 20

2

5-Year Historic Availability Rate & Average Ground Floor Asking Rent

Asking Rent

Availability

10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0%

$1,200 $1,500 $1,800

39.2%

764 Madison Avenue 1,950 SF

24.9%

Q3 20

$0 $300 $600 $900

3

0.0% 5.0%

$1,601

$1,487

$1,415

$1,422

$1,402

$1,407

$1,431

$1,441

$1,413

$1,381

$1,300

$1,226

$1,178

$985

$960

$937

$921

$927

$822

$779

$772

727 Madison Avenue 1,254 SF

Q3 20

© 2021 | Cushman & Wakefield

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