Madison Avenue Survey - March 2021

Madison Avenue | Market Snapshot East 72 nd to East 79 th Street

Recent Top Transactions

Q4 20 YTD

Overall Availability Rate:

13.1%

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$1,050 PSF 1022 Madison Avenue $275 PSF 1002 Madison Avenue

Highest Asking Rent:

Direct Availability Rate:

11.1%

Sublease Availability Rate:

2.0%

Lowest Asking Rent:

1007 Madison Avenue 1,045 SF

Average Ground Floor Asking Rent (PSF):

$633

Average Ground Floor Size (SF):

1,209 SF

Q4 20, Renewal

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5-Year Historic Availability Rate & Average Ground Floor Asking Rent Quarter-by-Quarter Deal Trends Average Ground Floor Taking ent PSF

$0 $100 $200 $300 $400 $500 $600 $700 $800

1020 Madison Avenue 5,040 SF

$688

$644

$592

Q2 20

$548

$541

$530 $525

$490 $504

$480

$358

3

$263

N/A

900 Madison Avenue 3,417 SF

Q1 20

© 2020 | Cushman & Wakefield

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* One deal comp available for designated quarter