PowerPoint Presentation
Summary of Economic Scenarios Midtown Class A Market
Short U
2019 2020 2021
Sharp V
2019 2020 2021
Net Absorption
6.7
-5.9 -2.8
Net Absorption
6.7
-8.7 7.4
Vacancy
8.4% 13.4% 15.2% $88.77 $80.03 $75.05 2.6% -9.8% -6.2%
Vacancy
8.4% 14.9% 11.3% $88.77 $76.06 $81.08 2.6% -14.3% 6.6%
Asking Rent Rent Growth
Asking Rent Rent Growth
Long U
2019 2020 2021
Net Absorption
6.7
-6.5 -8.5
Vacancy
8.4% 13.7% 18.5% $88.77 $79.19 $67.38 2.6% -10.8% -14.9%
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.
Made with FlippingBook Publishing Software