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New York & Tri-State  + New York  + Office  | 
Bradford kicks off $100M fund for value-add, distressed office and industrial

REBNY Manhattan Office Building Visitation Report Shows Continued Flight to Quality  

The Real Estate Board of New York (REBNY) has released its first quarterly report on building visitations of Manhattan office properties. The analysis of mobile device data revealed that average building visitation rates were 61% of the pre-pandemic baseline, a significant increase from 51% during Q1 2022. Visitation rates in nearly 60% of buildings exceeded 50% of pre-pandemic baselines.  

The highest quality Class A+ properties outperformed Class B by more than 10 percentage points, while Midtown posted an increase in visitation rates of 14 percentage points from Q1 2022, surpassing year-on-year gains of 6 percentage points in Downtown and 8 percentage points in Midtown South.  

The report analyzes location data from 250 office buildings representing approximately 180 million sq ft, tracking building visitation rates and highlighting performance in different property classes. 


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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.