{"id":13536,"date":"2017-10-23T07:37:28","date_gmt":"2017-10-23T07:37:28","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=13536"},"modified":"2026-04-07T15:19:09","modified_gmt":"2026-04-07T12:19:09","slug":"manhattan-office-report-q3-sales-volume-takes-tumble","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/","title":{"rendered":"Manhattan Office Report &#8211; Q3 Sales Volume Takes a Tumble"},"content":{"rendered":"<h4>Executive Summary<\/h4>\n<ul>\n<li><a href=\"#salesvolume\">sales volume dips below $1B mark for the first time in 5 years<\/a><\/li>\n<li><a href=\"#averageprice\">Q3 2017 sees average prices drop 19% year-over-year<\/a><\/li>\n<li><a href=\"#largestsale\">375 Hudson Street fetches $465M in the biggest sale of the quarter<\/a><\/li>\n<li><a href=\"#pipeline\">768 KSF One Soho Square on track for Q4 delivery<\/a><\/li>\n<\/ul>\n<p>After a <a href=\"https:\/\/www.commercialcafe.com\/blog\/nyc-q1-office-report-2017-off-sluggish-start\/\" target=\"_blank\" rel=\"noopener\">sluggish start to the year in Q1<\/a> and a <a href=\"https:\/\/www.commercialcafe.com\/blog\/manhattan-q2-report-office-sales-market-gaining-traction\/\" target=\"_blank\" rel=\"noopener\">lukewarm Q2<\/a>, the <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/\" target=\"_blank\" rel=\"noopener\">Manhattan office market<\/a> failed to regain traction in the year&#8217;s third quarter. With a tepid sales volume of $991 million and the lowest number of quarterly deals closed in the past five years, Q3 2017 might signal a return to normalcy for the highly sought-after Manhattan market. Having reached a five-year peak in the first months of 2015, when 21 office buildings traded for a total of over $10 billion, sales activity in the borough has been fluctuating and eventually winding down to much more sustainable levels this year.<\/p>\n<h2 id=\"salesvolume\">Q3 Office Sales Volume Falls 67% Y-o-Y<\/h2>\n<p>The <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ny\/manhattan\/\" target=\"_blank\" rel=\"noopener\">Manhattan<\/a> office sales market showed a pronounced downward trend compared to the previous quarter, as <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a> data reveals. Total sales volume fell a sharp 67% year-over-year and 74% from Q2 to Q3, even though the number of transactions closed stayed roughly the same as in the previous quarter. Just six notable office deals closed in Manhattan during Q3 2017, totaling $991 million and 3.1 million square feet of space\u2014a steep drop compared to Q2, when seven sales closed for $3.8 billion in volume and 5.9 million square feet. The year\u2019s third quarter was in fact the weakest quarter of the\u00a0past five years in terms of sales volume, dropping below the $1 billion mark for the first time.<\/p>\n<div class=\"infogram-embed\" data-id=\"720d4cfc-98b6-41ab-9b8b-c58aaffb500b\" data-type=\"interactive\" data-title=\"Q3 2017 Manhattan\"><\/div>\n<p><script>!function(e,t,s,i){var n=\"InfogramEmbeds\",o=e.getElementsByTagName(\"script\"),d=o[0],r=\/^http:\/.test(e.location)?\"http:\":\"https:\";if(\/^\\\/{2}\/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement(\"script\");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,\"infogram-async\",\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\");<\/script><\/p>\n<h2 id=\"averageprice\">Average Price per Square Foot Slides Back below $1,000<\/h2>\n<p>The average price per square foot for office buildings trading on the Manhattan market decreased 19% year-over-year and 21% compared to Q2, resting at $821 at the close of the year\u2019s third quarter. The drop in prices is not, however, a signal that the market is losing its appeal, but rather a result of seasonality and reoccurring market fluctuations. The average price recorded in Q3 2017 is roughly on par with the average of the past five years.<br \/>\n<script id=\"infogram_0_59bec2c7-8d53-4d8d-8bd7-9b8a85214cf9\" title=\"Manhattan Average Price per Square Foot\" src=\"https:\/\/e.infogram.com\/js\/dist\/embed.js?Rw8\" type=\"text\/javascript\"><\/script><\/p>\n<h2 id=\"largestsale\">The Largest Sale of Q3: 375 Hudson Street<\/h2>\n<div id=\"attachment_13541\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/7515.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-13541\" class=\"wp-image-13541 size-medium\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/7515-300x240.jpg\" alt=\"375 Hudson St., Manhattan (Yardi Matrix)\" width=\"300\" height=\"240\" \/><\/a><p id=\"caption-attachment-13541\" class=\"wp-caption-text\">375 Hudson St., Manhattan (Yardi Matrix)<\/p><\/div>\n<p>The largest office transaction closed during Q3 2017 in Manhattan was the $465 million sale of <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ny\/new-york\/375-hudson-street\/\" target=\"_blank\" rel=\"noopener\">375 Hudson St.<\/a> in the <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ny\/manhattan\/hudson-square\/\" target=\"_blank\" rel=\"noopener\">Hudson Square submarket<\/a>. The 19-story, 1 million-square-foot high-rise was acquired by Trinity Real Estate and Norges Bank in August, from seller Tishman Speyer. According to Yardi Matrix data, Trinity acquired a 51% interest in the Class A asset, while Norges Bank retained a 48% ownership stake following the deal. Hines Interests also acquired a 1% interest in the building.<\/p>\n<p>&nbsp;<\/p>\n<h2 id=\"pipeline\">Pipeline: 3M Square Feet of Office Space on Track for Q4<\/h2>\n<div id=\"attachment_13543\" style=\"width: 250px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/10809.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-13543\" class=\"wp-image-13543 size-medium\" src=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/10809-240x300.jpg\" alt=\"One Soho Square, Manhattan (Yardi Matrix)\" width=\"240\" height=\"300\" \/><\/a><p id=\"caption-attachment-13543\" class=\"wp-caption-text\">One Soho Square, Manhattan (Yardi Matrix)<\/p><\/div>\n<p>There was a single office building totaling over 50,000 square feet to come online in Manhattan during Q3 2017, bringing the total market inventory to 465 million square feet. The next quarter looks more promising and is expected to deliver six new projects to the market, encompassing a total of 3 million square feet. The largest development scheduled for delivery in Q4 is the 768,000-square-foot <a href=\"https:\/\/www.commercialcafe.com\/commercial-property\/us\/ny\/new-york\/one-soho-square\/\" target=\"_blank\" rel=\"noopener\">One Soho Square<\/a>, owned by Stellar Management and designed by Gensler. The spec project is set to include two 13- and 15-story buildings incorporating office and retail space, as well as a 26,079-square-foot showroom. MAC Cosmetics, Glossier, Trader Joe&#8217;s and Cineflix Enterprises have already signed on to occupy space within the new <a href=\"https:\/\/www.commercialcafe.com\/commercial-real-estate\/us\/ny\/manhattan\/hudson-square\/\" target=\"_blank\" rel=\"noopener\">Hudson Square<\/a> building.<\/p>\n<p>Another notable project currently underway is the makeover of the\u00a0Verizon Building\u00a0at\u00a0375 Pearl St., at the Manhattan end of the Brooklyn Bridge. Originally built in 1975, the 32-story building owned by Sabey is undergoing a long-awaited revamp. Upon completion, the tower\u2019s limestone facade will be traded in for floor-to-ceiling glass curtain walls, and the building will be used as office space and data storage.<\/p>\n<p><em>Discover premium office listings across the U.S. with CommercialCafe.com. Use our interactive map and filters to find the best fit for your business needs:<\/em><\/p>\n\n<table id=\"tablepress-46\" class=\"tablepress tablepress-id-46\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/houston\/\" rel=\"noopener\" target=\"_blank\">Office space in Houston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/los-angeles\/\" rel=\"noopener\" target=\"_blank\">Office space in Los Angeles<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/fort-lauderdale\/\" rel=\"noopener\" target=\"_blank\">Office space in Fort Lauderdale<\/a><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/dallas\/\" rel=\"noopener\" target=\"_blank\">Office space in Dallas<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/il\/chicago\/\" rel=\"noopener\" target=\"_blank\">Office space in Chicago<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/new-york-city\/\" rel=\"noopener\" target=\"_blank\">Office space in New York City<\/a><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/austin\/\" rel=\"noopener\" target=\"_blank\">Office space in Austin<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/san-francisco\/\" rel=\"noopener\" target=\"_blank\">Office space in San Francisco<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/fort-worth\/\" rel=\"noopener\" target=\"_blank\">Office space in Fort Worth<\/a><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ma\/boston\/\" rel=\"noopener\" target=\"_blank\">Office space in Boston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/wa\/seattle\/\" rel=\"noopener\" target=\"_blank\">Office space in Seattle<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ny\/manhattan\/\" rel=\"noopener\" target=\"_blank\">Office space in Manhattan<\/a><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ga\/atlanta\/\" rel=\"noopener\" target=\"_blank\">Office space in Atlanta<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/co\/denver\/\" rel=\"noopener\" target=\"_blank\">Office space in Denver<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/or\/portland\/\" rel=\"noopener\" target=\"_blank\">Office space in Portland<\/a><\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/fl\/miami\/\" rel=\"noopener\" target=\"_blank\">Office space in Miami<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/arlington\/\" rel=\"noopener\" target=\"_blank\">Office space in Arlington<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/bexar-county\/san-antonio\/\" rel=\"noopener\" target=\"_blank\">Office space in San Antonio<\/a><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/az\/phoenix\/\" rel=\"noopener\" target=\"_blank\">Office space in Phoenix<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/pa\/philadelphia\/\" rel=\"noopener\" target=\"_blank\">Office space in Philadelphia<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/office\/us\/pa\/pittsburgh\/\" rel=\"noopener\" target=\"_blank\">Office space in Pittsburgh<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<h2>Methodology<\/h2>\n<ul>\n<li><em>Data source: <a href=\"https:\/\/www.yardimatrix.com\/\" target=\"_blank\" rel=\"noopener\">Yardi Matrix<\/a>;<\/em><\/li>\n<li><em>We considered transactions of completed properties, recorded up until October 9th, 2017;<\/em><\/li>\n<li><em>Minimum amount per transaction: $5,000,000;<\/em><\/li>\n<li><em>Square footage parameters: over 50,000 square feet;<\/em><\/li>\n<li><em>We count portfolio deals as single transactions;<\/em><\/li>\n<li><em>In the case of mixed-use assets, only properties featuring over 50% office space were taken into account;<\/em><\/li>\n<li><em>We excluded &#8216;ownership stake,&#8217; &#8216;ground lease,&#8217; &#8216;controlling interest,&#8217; &#8216;portfolio&#8217; and &#8216;undisclosed&#8217; deals from our calculation of the average price per square foot;<\/em><\/li>\n<li><em>We excluded distressed sales.<\/em><\/li>\n<\/ul>\n<p>By Ioana Neamt<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executive Summary sales volume dips below $1B mark for the first time in 5 years Q3 2017 sees average prices drop 19% year-over-year 375 Hudson Street fetches $465M in the biggest sale of the quarter 768 KSF One Soho Square on track for Q4 delivery After a sluggish start to the year in Q1 and&hellip;<\/p>\n","protected":false},"author":529,"featured_media":13535,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,42,38,39],"tags":[],"class_list":["post-13536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-market-reports","category-deals","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manhattan Office Report - Q3 Sales Volume Takes a Tumble - CommercialCafe<\/title>\n<meta name=\"description\" content=\"Manhattan&#039;s office investment cooled in Q3 as sales volume declined. Explore transaction data and what the slowdown signals for the NYC market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan Office Report - Q3 Sales Volume Takes a Tumble\" \/>\n<meta property=\"og:description\" content=\"Manhattan&#039;s office investment cooled in Q3 as sales volume declined. Explore transaction data and what the slowdown signals for the NYC market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-23T07:37:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-07T12:19:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1197\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Contributor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Contributor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/\",\"name\":\"Manhattan Office Report - Q3 Sales Volume Takes a Tumble - CommercialCafe\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg\",\"datePublished\":\"2017-10-23T07:37:28+00:00\",\"dateModified\":\"2026-04-07T12:19:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/39ce8d7695b20eba24d1cd1f91195dd3\"},\"description\":\"Manhattan's office investment cooled in Q3 as sales volume declined. Explore transaction data and what the slowdown signals for the NYC market.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#primaryimage\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg\",\"width\":1197,\"height\":742},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Manhattan Office Report &#8211; Q3 Sales Volume Takes a Tumble\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/39ce8d7695b20eba24d1cd1f91195dd3\",\"name\":\"Contributor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2025\/07\/310294853_540408728030394_5235173695890843106_n.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2025\/07\/310294853_540408728030394_5235173695890843106_n.png?w=96\",\"caption\":\"Contributor\"},\"url\":\"https:\/\/www.commercialcafe.com\/blog\/author\/guest\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Manhattan Office Report - Q3 Sales Volume Takes a Tumble - CommercialCafe","description":"Manhattan's office investment cooled in Q3 as sales volume declined. Explore transaction data and what the slowdown signals for the NYC market.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/","og_locale":"en_US","og_type":"article","og_title":"Manhattan Office Report - Q3 Sales Volume Takes a Tumble","og_description":"Manhattan's office investment cooled in Q3 as sales volume declined. Explore transaction data and what the slowdown signals for the NYC market.","og_url":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/","og_site_name":"CommercialCafe","article_published_time":"2017-10-23T07:37:28+00:00","article_modified_time":"2026-04-07T12:19:09+00:00","og_image":[{"width":1197,"height":742,"url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg","type":"image\/jpeg"}],"author":"Contributor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Contributor","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/","url":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/","name":"Manhattan Office Report - Q3 Sales Volume Takes a Tumble - CommercialCafe","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg","datePublished":"2017-10-23T07:37:28+00:00","dateModified":"2026-04-07T12:19:09+00:00","author":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/39ce8d7695b20eba24d1cd1f91195dd3"},"description":"Manhattan's office investment cooled in Q3 as sales volume declined. Explore transaction data and what the slowdown signals for the NYC market.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#primaryimage","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg","width":1197,"height":742},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/manhattan-office-report-q3-sales-volume-takes-tumble\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Manhattan Office Report &#8211; Q3 Sales Volume Takes a Tumble"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/39ce8d7695b20eba24d1cd1f91195dd3","name":"Contributor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialcafe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2025\/07\/310294853_540408728030394_5235173695890843106_n.png?w=96","contentUrl":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2025\/07\/310294853_540408728030394_5235173695890843106_n.png?w=96","caption":"Contributor"},"url":"https:\/\/www.commercialcafe.com\/blog\/author\/guest\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/2017\/10\/shutterstock_374424304.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/13536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/users\/529"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/comments?post=13536"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/13536\/revisions"}],"predecessor-version":[{"id":48254,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts\/13536\/revisions\/48254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media\/13535"}],"wp:attachment":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/media?parent=13536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/categories?post=13536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags?post=13536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}