PowerPoint Presentation
Summary of Economic Scenarios Midtown Overall Market
Short U
2019 2020 2021
Sharp V
2019 2020 2021 2.3 -11.6 9.4 11.6% 17.6% 14.1% $76.80 $66.58 $70.83 2.4% -13.3% 6.4%
Net Absorption
2.3
-8.0 -3.6
Net Absorption
Vacancy
11.6% 16.2% 17.8% $76.80 $69.27 $64.87 2.4% -9.8% -6.3%
Vacancy
Asking Rent Rent Growth
Asking Rent Rent Growth
Long U
2019 2020 2021
Net Absorption
2.3
-8.8 -10.9
Vacancy
11.6% 16.5% 21.0% $76.80 $68.78 $59.02 2.4% -10.4% -14.2%
Asking Rent Rent Growth
Source: Cushman & Wakefield Research Absorption in MSF. Asking rents are gross, all classes, per square foot. Vacancy and rent growth are annual average % (changes) versus year-end. Class A figures are for direct space only.
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