Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
NewYorkCityFlighttoQualityHeroImageLarge2352x730 NewYorkCityFlighttoQualityHeroImageMobile750x480

​​New York City Flight To Quality Report: Year-End 2022​

Lori Albert • 2/7/2023
The flight to quality in New York’s office market is not new but evolved during the pandemic to encompass different factors as employee work patterns shifted to an unprecedented hybrid-remote work model. In this report, we consider those changes along with some of the resulting impacts, from vacancy and rental levels to those submarkets seeing stronger demand as a result. 

Key findings from the report include: 

  • Building amenities, along with proximity to public transportation, are front and center as the most desired attributes tenants are seeking in quality office space today 

  • With those attributes most common among newer buildings, those developed since 2015 were the only segment of the market to record positive absorption in 2022 

  • The market has become increasingly bifurcated as the best quality buildings benefit from significantly lower vacancy rates and increasing rental premiums to the overall market 

  • Flight to quality is here to stay as hybrid work drives employers to create a more inviting, fulfilling working culture that supports the development and retention of talent.  

Download the Report

New-York-City-Flight-to-Quality-Report-Thumbnail-1324-x-1700

Download

Authors

Insights in your Inbox
Subscribe to the latest local market research, insights and analysis from Cushman & Wakefield across the United States.
Subscribe

Related Insights

office of the future
Research • Workplace

Office of the Future Revisited

Our latest insight establishes three realities: demand for office space is accelerating, hybrid is here to stay, and the role of the office has changed—and we explore their implications for office-using companies and workers.
Despina Katsikakis • 4/26/2022

Interested in learning more?

Get in touch and we can assist with any additional information you need.
Contact Us

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Cookie preferences
Agree All
Reject All
SAVE SETTINGS
Essential
Non Essential
Marketing