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Manhattan Office Visitations Up to 67% of Pre-Pandemic Levels
Manhattan office buildings in December 2023 had an average visitation rate of 67% of pre-pandemic levels, representing a monthly increase of two percentage points and a year-over-year increase of eight percentage points, according to REBNY’s monthly analysis of Placer.ai location data in 350 Manhattan office buildings
Class A+ buildings had a visitation rate of 74% in December, while Class A/A- and B/C buildings recorded 64% and 68%, respectively. Visitation rates in Midtown increased to 73% in December, Midtown South held steady at 68%, and Downtown fell slightly to 54%.
“At a time when office visitation appears to be stalling in some cities, it is encouraging to see activity steadily ticking back up in much of Manhattan, even as it remains well below 2019 levels,” said Keith DeCoster, director of Market Data and Policy at the Real Estate Board of New York.
- ◦Lease
