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Summary of Economic Scenarios + Coworking Stress Midtown South Class A Market
Short U
2019 2020 2021
Sharp V
2019 2020 2021
Net Absorption
0.7
-0.7 -0.4
Net Absorption
0.7
-1.1 0.9
Vacancy
5.1% 13.2% 15.8% 103.56 $93.30 $81.65 13.6% -9.9% -12.5%
Vacancy
5.1% 14.7% 11.6% 103.56 $88.39 $85.45 13.6% -14.6% -3.3%
Asking Rent Rent Growth
Asking Rent Rent Growth
Long U
2019 2020 2021
Net Absorption
0.7
-0.8 -1.2
Vacancy
5.1% 13.5% 19.2% 103.56 $92.51 $72.71 13.6% -10.7% -21.4%
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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