“70% Increase in Visitation Rate at Manhattan Office Building”

According to the latest monthly report from the Real Estate Board of New York (REBNY), Manhattan’s office visitation rate for October has risen to 70%, a significant increase from September’s 66%. This data, collected through Placer.ai’s location tracking technology, shows a strong trend in visitation rates across various building classes. In particular, Class A+ properties saw an impressive surge to 74%, up from September’s 67%. While there are variations between submarkets such as Midtown, Midtown South and Downtown, all areas have shown an increase in average visitation rates. This is a promising sign for New York City’s commercial real estate market.