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REBNY Study Finds Class A Buildings Outperform for Office Visitations

The Real Estate Board of New York (REBNY) said Class A office properties are outperforming their Class B counterparts in visitation rates, based on data. Average building visitation rates in 2022 surpassed 60% of pre-COVID baselines, with Class A properties averaging 66.3% and Class B averaging 53.6%. 

REBNY’s study also found that visitation rates vary by building location and tenant mix. The board noted that other publicly cited data sources don’t account for the significant differences between levels of activity in Class A office buildings compared to other office buildings. 

“Based on our initial analysis of location data from, we have found that building visitation rates range widely from a single market median or average,” said Keith DeCoster, director of market data and policy for REBNY. “The data reveal important dynamics in the market that must be more closely analyzed.”

Pictured: Rockefeller Group’s 1271 Ave. of the Americas in Midtown Manhattan. 


Inside The Story

REBNY's DeCoster

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).