Average Class A asking rent for offices in Midtown, Manhattan 2023-2024, by submarket
The average Class A asking rent for office real estate in Midtown, Manhattan in the fourth quarter of 2023 varied significantly among submarkets. Plaza District had the highest average Class A rent of 95.13 U.S. dollars per square foot, while the U.N. Plaza had the lowest rate of 68.35 U.S. dollars per square foot. Times Square was the only submarket where rents rose between 2022 and 2023.