It is not unusual for Manhattan, the biggest office market in the country, to have colossal blocks of space in need of tenants.
But in this current environment, with soaring costs and companies that are either pulling back or not in any rush to lock down space, the sheer number of these spaces is daunting — and growing.
At the end of June, there were 37 contiguous blocks of office space of at least 250K SF available in Manhattan, according to Colliers data. By comparison, at the end of the first quarter of 2020, there were just 15 of these blocks available.
Source: The 10 Biggest Blocks Of Manhattan Office Space Hunting For A Tenant