As of H1 2021, NYC’s total lab exclusive inventory totaled about 1.90 million sq. ft.
Manhattan’s lab exclusive average asking rent increased 6% from one year ago to reach $111.18 NNN per sq. ft. at the close of H1 2021.
At 331,000 sq. ft., NYC’s H1 2021 leasing activity has already reached its highest annual total on record.
At about 1.57 million sq. ft. of requirements as of H1 2021, demand has grown by 85% from one year ago.