Manhattan, NY Commercial Inventory Breakdown
Office Spaces with Retail
Total: 5,709,380 SF
By square footage range:
- 50k to 100k SF: 1,517,629 SF / 26.58% of total office with retail
- 100k to 500k SF: 2,321,751 SF / 40.67% of total office with retail
- 500k to 1M SF: 1,870,000 SF / 32.75% of total office with retail
Manhattan Demographics
Population
- Total Population1,598,291
- Male Population(47.3 %) 756,171
- Female Population(52.7 %) 842,120
- Median Age37.00
Income/Financial
- Average Household Income$130,595
- Median Household Income$109,037
- Median Income Under 25$49,375
- Median Income 25-44$136,295
- Median Income 45-64$113,833
- Median Income Over 65$47,141
News
Main Takeaways Mountain View – Shoreline was the nation’s most expensive submarket in 2019, with an average sale price of $1,554 per square foot of office space. The average sale price for a square foot of office space in the U.S. was $233. The 10 most expensive submarkets were in California, Ne...
Sales activity in the Manhattan office market decreased 12% year-over-year, with total sales volume dropping to just under $2.8 billion. After gaining significant traction in Q3, Manhattan office sales dropped by more than $1 billion quarter-over-quarter. Highlights: Y-o-Y, the average price per...
A decade is a long time, and so much has occurred in our country and around the world in the last 10 years. In particular, rising real estate prices have been one of the prevailing themes throughout the 2010s. Coming off the heels of the Great Financial Crisis, the U.S. economy has trended upwar...