{"id":1004579453,"date":"2022-05-11T07:04:24","date_gmt":"2022-05-11T15:04:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004579453"},"modified":"2022-12-08T22:44:05","modified_gmt":"2022-12-09T06:44:05","slug":"manhattans-office-pipeline-remained-flat-in-q1","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/","title":{"rendered":"Manhattan&#8217;s Office Pipeline Remained Flat in Q1"},"content":{"rendered":"<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004545005\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/phoenix-market-update-slow-and-steady-development-progress\/market-update-resized\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" data-orig-size=\"1200,930\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Patricia Todoran&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1497549143&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Market-Update-resized\" data-image-description=\"&lt;p&gt;Office Sales Update Q2&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=1024\" class=\"alignright wp-image-1004545005 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg?resize=1024,794 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>At the end of March, Manhattan had 19.2 million square feet of office space under construction, according to CommercialEdge data. The development pipeline&#8217;s size hasn&#8217;t recorded significant changes year-over-year through the same month.<\/p>\n<p>The under-construction stock represented 4 percent of the market\u2019s total stock\u2014also matching March 2021 levels.<\/p>\n<p>In February, <strong>The Moinian Group<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/the-moinian-group-revives-west-side-project\/\">started construction of the Hudson Arts Building<\/a> in Chelsea, the only groundbreaking of a new office development during the first three months of the year. The 10-story tower is slated to comprise 200,000 square feet of office space.<\/p>\n<p>Also in the first quarter of the year, excavation work began on the upcoming mixed-use tower at 520 Fifth Ave. in Midtown. Slated to offer luxury residences and boutique office space, the project is one of the few ground-up developments to have commenced construction in Manhattan since the beginning of 2021. <strong>Rabina Properties<\/strong> is behind the 450,000-square-foot tower, designed by <strong>Kohn Pedersen Fox<\/strong>.<\/p>\n<p>Other notable events included the topping out of <strong>Brookfield Properties<\/strong>\u2019 2 million-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/2-msf-nyc-tower-tops-out\/\">Two Manhattan West tower<\/a>, scheduled for completion in 2023.<\/p>\n<h2>Increasing office vacancy<\/h2>\n<p>The borough\u2019s average listing rate in the third month of 2022 reached $74.2 per square foot, down 13.5 percent year-over-year. Vacancy hit 14.4 percent, up 370 basis points compared to the same period last year.<\/p>\n<p>Manhattan\u2019s occupancy has almost doubled since the beginning of the pandemic in March 2020, when it stood at 7.4 percent. At that time, the borough had the second lowest vacancy among all major markets, trailing San Francisco.<\/p>\n<p>With the global health crisis rewriting standard working scenarios and office vacancy expanding in most U.S. markets during the past two years, several cities outperformed Manhattan in the first quarter of 2022. The national average vacancy rate reached 15.9 percent in March, up 30 basis points year-over-year. As of March, Boston (10.5 percent) had the lowest vacancy among gateway markets, followed by Miami (12.8 percent) and Los Angeles (13.7 percent).<\/p>\n<h2>Heightened leasing activity<\/h2>\n<div id=\"attachment_1004560007\" style=\"width: 260px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004560007\" data-attachment-id=\"1004560007\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sl-green-goes-on-400m-selling-spree\/one-madison-avenue-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg\" data-orig-size=\"800,961\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One Madison Avenue\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Madison Avenue. Image courtesy of SL Green Realty Corp.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg?w=800\" class=\"wp-image-1004560007 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg?w=250\" alt=\"One Madison Avenue\" width=\"250\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg?resize=250,300 250w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/One-Madison-Avenue.jpg?resize=768,923 768w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><p id=\"caption-attachment-1004560007\" class=\"wp-caption-text\">One Madison Avenue. Image courtesy of SL Green Realty Corp.<\/p><\/div>\n<p>March was eventful in terms of office leasing for Manhattan. Landlords inked up several significant commitments that month, including design house <strong>Herm\u00e8s<\/strong>\u2019 relocation to the Plaza District. The French luxury brand <a href=\"https:\/\/www.commercialsearch.com\/news\/hermes-relocates-hq-to-former-sony-building\/\">signed a 71,757-square-foot agreement<\/a> with <strong>The Olayan Group<\/strong> at 550 Madison Ave.<\/p>\n<p>Also in March, <strong>IBM<\/strong> made a <a href=\"https:\/\/www.commercialsearch.com\/news\/ibm-bets-big-on-manhattan-signs-328-ksf-lease\/\">significant commitment to Manhattan<\/a>, when the company signed a 328,000-square-foot, 16-year lease at <strong>SL Green Realty Corp<\/strong>.\u2019s One Madison Avenue. Additionally, not-for-profit <strong>MJHS Health System<\/strong> committed to 138,374 square feet at <strong>New Water Street Corp.<\/strong>\u2019s 55 Water St. tower in Lower Manhattan, marking the largest lease for the submarket in the last 18 months.<\/p>\n<p>Other notable leases signed in the first quarter of the year included streaming giant <strong>Roku<\/strong>\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/roku-inks-major-new-york-city-lease\/\">240,000-square-foot lease<\/a> at <strong>RXR Realty<\/strong>\u2019s 5 Times Square, as well as <a href=\"https:\/\/www.commercialsearch.com\/news\/esrt_signs_4_leases_totaling_428481_sf\/\"><strong>Signature Bank<\/strong>\u2019s 15-year lease<\/a> for 280,182 square feet at 1400 Broadway.<\/p>\n<p><em><a href=\"https:\/\/www.commercialedge.com\/\">CommercialEdge<\/a>&nbsp;covers 8M+ property records in the United States. View the latest CommercialEdge national monthly office report&nbsp;<a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The borough\u2019s vacancy rate almost doubled since the onset of the pandemic, according to CommercialEdge. <\/p>\n","protected":false},"author":739,"featured_media":1004545005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,1600,21742,10,21747],"tags":[51047,50674],"class_list":["post-1004579453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-new-york","category-latest","category-northeast","category-office","tag-marketupdate","tag-commercialedge"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Manhattan&#039;s Office Pipeline Remained Flat in Q1<\/title>\n<meta name=\"description\" content=\"Manhattan&#039;s office vacancy almost doubled since the onset of the pandemic, while the development pipeline remained at 2021 levels.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan&#039;s Office Pipeline Remained Flat in Q1\" \/>\n<meta property=\"og:description\" content=\"Manhattan&#039;s office vacancy almost doubled since the onset of the pandemic, while the development pipeline remained at 2021 levels.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-11T15:04:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:44:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"930\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/\"},\"author\":{\"name\":\"Beata Lorincz\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"headline\":\"Manhattan&#8217;s Office Pipeline Remained Flat in Q1\",\"datePublished\":\"2022-05-11T15:04:24+00:00\",\"dateModified\":\"2022-12-09T06:44:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/\"},\"wordCount\":493,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/Market-Update-resized.jpg\",\"keywords\":[\"#MarketUpdate\",\"CommercialEdge\"],\"articleSection\":[\"Brokerage\",\"Development\",\"New York\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/\",\"name\":\"Manhattan's Office Pipeline Remained Flat in Q1\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/Market-Update-resized.jpg\",\"datePublished\":\"2022-05-11T15:04:24+00:00\",\"dateModified\":\"2022-12-09T06:44:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\"},\"description\":\"Manhattan's office vacancy almost doubled since the onset of the pandemic, while the development pipeline remained at 2021 levels.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/Market-Update-resized.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/07\\\/Market-Update-resized.jpg\",\"width\":1200,\"height\":930},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/manhattans-office-pipeline-remained-flat-in-q1\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Manhattan&#8217;s Office Pipeline Remained Flat in Q1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Beata-Lorincz.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/beata-lorincz\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Manhattan's Office Pipeline Remained Flat in Q1","description":"Manhattan's office vacancy almost doubled since the onset of the pandemic, while the development pipeline remained at 2021 levels.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/","og_locale":"en_US","og_type":"article","og_title":"Manhattan's Office Pipeline Remained Flat in Q1","og_description":"Manhattan's office vacancy almost doubled since the onset of the pandemic, while the development pipeline remained at 2021 levels.","og_url":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-05-11T15:04:24+00:00","article_modified_time":"2022-12-09T06:44:05+00:00","og_image":[{"width":1200,"height":930,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","type":"image\/jpeg"}],"author":"Beata Lorincz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/"},"author":{"name":"Beata Lorincz","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004"},"headline":"Manhattan&#8217;s Office Pipeline Remained Flat in Q1","datePublished":"2022-05-11T15:04:24+00:00","dateModified":"2022-12-09T06:44:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/"},"wordCount":493,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","keywords":["#MarketUpdate","CommercialEdge"],"articleSection":["Brokerage","Development","New York","News","Northeast","Office"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/","url":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/","name":"Manhattan's Office Pipeline Remained Flat in Q1","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","datePublished":"2022-05-11T15:04:24+00:00","dateModified":"2022-12-09T06:44:05+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004"},"description":"Manhattan's office vacancy almost doubled since the onset of the pandemic, while the development pipeline remained at 2021 levels.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","width":1200,"height":930},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/manhattans-office-pipeline-remained-flat-in-q1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Manhattan&#8217;s Office Pipeline Remained Flat in Q1"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004","name":"Beata Lorincz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","caption":"Beata Lorincz"},"description":"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/07\/Market-Update-resized.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004579453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/739"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004579453"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004579453\/revisions"}],"predecessor-version":[{"id":1004584365,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004579453\/revisions\/1004584365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004545005"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004579453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004579453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004579453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}