JLL: Grade A office vacancy rate in New York City of 9.7%, with supply pipeline of 0.9% at end of 2Q15


In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in New York City was 9.7%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of  0.9%. Over the last year, rents have risen by 2.5% and capital values have increased by 21.2%. Prime yields in 2Q15 were 3.3%.

Source : August 2015/JLL/New York City/OFF