Market Report: Flatiron & NoMad Lead Q1 NYC Leasing

Data & Reports District Advocacy

Apr 25, 2022

The Q1 2022 Market Report provides an economic snapshot of the district from January through March 2022.

Flatiron saw NYC’s largest office lease of the quarter with IBM’s investment at One Madison. Commercial office leasing volumes doubled compared to Q4 2021 and availability rates decreased, a first since the pandemic started. Midtown South, which includes Flatiron & NoMad, saw average asking rates surpass Midtown’s for the first time.

30 new ground floor retail leases were signed this quarter with the majority in the food and beverage category.

Read the full Q1 2022 Market Report

Flatiron & NoMad Weekly Newsletter

Get 'The Latest' about local events, new business openings, district news, and neighborhood resources direct to your inbox each week. For quarterly market updates, you can also select the Flatiron & NoMad Real Estate Snapshot.

Email Lists(Required)

By submitting this form, you are consenting to receive marketing emails from: Flatiron NoMad Partnership, 230 Fifth Avenue, Suite 1511, New York, NY, 10001, US, http://www.flatironnomad.nyc. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact.