Real Estate Discussion

Midtown Submarket Snapshot

PARK AVENUE Total Size: 20.2 msf

Jan-20 Jan-19 11.3% 6.9%

MADISON/FIFTH Total Size: 22.5 msf

SIXTH AVENUE/ROCK CENTER Total Size: 41.8 msf Jan-20 Jan-19 Vacancy 8.6% 7.0% Asking Rents Class A $80.61 $80.13 Class B $62.60 $56.77

Vacancy

Asking Rents Class A

Jan-20 Jan-19 17.1% 15.2%

$96.18 $95.59

Vacancy

Asking Rents Class A

$94.66 $92.01 $67.65 $65.28

EAST SIDE/UN Total Size: 21.3 msf

Class B

Jan-20 Jan-19 12.3% 8.4%

57 TH STREET

EAST SIDE/ UN

MADISON/

Vacancy

WEST SIDE Total Size: 31.0 msf

FIFTH

Asking Rents Class A

EIGHTH AVENUE

$74.58 $72.44 $64.79 $62.52

Jan-20 Jan-19 15.5% 10.4%

Class B

Vacancy

SIXTH AVENUE/

ROCK CENTER

Asking Rents Class A $81.67 $74.32 Class B $71.91 $68.45

52 ND STREET PARK AVENUE

THIRD AVENUE

GRAND CENTRAL Total Size: 44.1 msf

49 TH STREET

TIMES SQUARE SOUTH Total Size: 31.0 msf

Jan-20 Jan-19 13.2% 11.1%

WEST SIDE

Vacancy

Jan-20 Jan-19 12.2% 8.5%

Asking Rents Class A

Vacancy

$75.82 $78.42 $62.38 $60.44

Asking Rents Class A $66.84 $71.78 Class B $57.17 $61.27

Class B

42 ND STREET

GRAND CENTRAL

39 TH STREET

TIMES SQUARE SOUTH

PENN STATION Total Size: 22.7 msf

MURRAY HILL Total Size: 14.1 msf

Jan-20 Jan-19 8.8% 5.9%

Jan-20 Jan-19 10.2% 8.3%

MURRAY HILL

Vacancy

Vacancy

Asking Rents Class A

Asking Rents Class A

PENN STATION

$104.91 $78.83 Class B $57.69 $58.15

$64.43 $64.30 $59.16 $57.32

Class B

30 TH STREET

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