PowerPoint Presentation
Summary of Economic Scenarios + Coworking Stress Midtown Class A Market
Short U
2019 2020 2021
Sharp V
2019 2020 2021 6.7 -10.1 6.6 8.4% 15.6% 12.4% $88.77 $75.88 $80.76 2.6% -14.5% 6.4%
Net Absorption
6.7
-7.3 -3.5
Net Absorption
Vacancy
8.4% 14.2% 16.3% $88.77 $79.85 $74.75 2.6% -10.0% -6.4%
Vacancy
Asking Rent Rent Growth
Asking Rent Rent Growth
Long U
2019 2020 2021
Net Absorption
6.7
-8.0 -9.2
Vacancy
8.4% 14.5% 19.6% $88.77 $79.02 $67.10 2.6% -11.0% -15.1%
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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