How will the office vacancy rate in NYC change by summer 2025?
5
100Ṁ22
resolved Jul 16
100%50%
Vacancies will remain within 2% in either direction.
26%
Vacancies will increase by more than 2%.
25%
Vacancies will decrease by more than 2%.

The figure will be determined by the May or June NYC comptroller spotlight.

Change will be measured in percentage points. If this topic is not addressed on either spotlight report, this question will be nullified and closed.

2024 spotlight: https://comptroller.nyc.gov/reports/spotlight-new-york-citys-office-market/

  • Update 2025-07-16 (PST) (AI summary of creator comment): The creator has stated that the original data source, the NYC comptroller spotlight, is not available.

Instead of resolving to N/A as stated in the description, the creator will resolve the market using an alternative source: a report from Cushman & Wakefield.

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So the comptroller hasn't filed a “spotlight” regarding this (maybe too busy with his mayoral bid), but I have found some alternative numbers that seem credile. https://www.cushmanwakefield.com/en/united-states/insights/us-marketbeats/new-york-city-area-marketbeats

They report 23.6% vacancy in Q2 2024, and 22.6% in Q2 2025. The comptroller's numbers for Q2 2024 were 15.2% vacancy, so clearly they're measuring things quite differently… but anyway this is likely the best numbers I'm going to find, and I expect that whatever their sources are, the trends at least should be similar.

So I'm gonna mark this as "remain", and if any of the five of you wanna take umbrage with my methods, I offer my sincerest apologies.

Can you clarify if the market is specified in percentage changes or percentage point changes?

@RyanMoulton percentage points, apologies for the ambiguity.

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