Q4 2021 Market Report
Jan 25, 2022
The Q4 2021 Market Report provides an economic snapshot of the district from October through December 2021.
NYC had its highest commercial leasing volume in two years in Q4. Flatiron and NoMad gained strength with 58 new lease signings, commercial availability rates remained at 22% for the third consecutive quarter, and full-time office employees returned in larger numbers with a 40% increase over Q3.
Other promising signs included increased foot traffic, major lease signings, and four prominent buildings changed hands including office buildings and hotels.
