This content was substantially created by generative artificial intelligence.

Newer glass towers post the highest vacancy in Midtown East

Buildings completed before 1960 report 11.2%, and each newer age group reports a higher rate than the one before.

Midtown East · October 20 · Based on 3 documents

AreaMidtown East

Key facts

Newest towers: 21.4% vacant

Oldest group: 11.2% vacant

105 buildings in the filings

1.67 million sq ft vacant

Owners of Midtown East office buildings completed since 2010 reported 21.4% of their rentable space vacant in the city's 2026 income and expense filings. That is the highest rate of the four building-age groups in the district. Buildings completed before 1960 reported 11.2%, which is 10.2 percentage points lower.

The two groups in between reported 13.5% for buildings from 1960 to 1989 and 15.8% for those from 1990 to 2009. Each newer group reported a higher rate than the one before it.

21.4%

Vacancy reported by Midtown East office buildings completed since 2010

Keep reading with a membership.

Still in this story

The four age groups, one by one

The nine towers completed since 2010

The 2021 certificate of occupancy, line by line

Members read every story, in every market, and add reporting in the zone they choose. Free for 30 days, then US$10 a month.

Start your free trial Sign in

Sources

1NYC Department of FinanceIncome and expense filings, Midtown East offices 2NYC Department of FinanceProperty tax roll, Midtown East office buildings 3NYC Department of BuildingsCertificate of occupancy, office tower completed 2021

TopicsOffices

office vacancy

More from New York

Financial DistrictFinancial District·October 22The first conversions, five years onThe first conversions, five years onFiled budgets rose on four of the six buildings.CitywideCitywide·October 12Conversion incentive opens to its first applicationsConversion incentive opens to its first applicationsThe first applications are listed on the city's portal.Midtown SouthMidtown South·October 12Two Midtown South towers trade at steep discountsTwo Midtown South towers trade at steep discountsBoth sold for less than half of their last recorded price.Financial DistrictFinancial District·September 10109 Cedar Street: filing seeks to turn 9 office floors into 54 apartments109 Cedar Street: filing seeks to turn 9 office floors into 54 apartmentsThe application reached the Department of Buildings on September 10, 2026.HarlemHarlem·June 7202 West 122nd Street: filing seeks to turn 26 office floors into 130 apartments202 West 122nd Street: filing seeks to turn 26 office floors into 130 apartmentsThe application reached the Department of Buildings on June 7, 2026.St. GeorgeSt. George·February 5144 Hamilton Avenue: filing seeks to turn 11 office floors into 88 apartments144 Hamilton Avenue: filing seeks to turn 11 office floors into 88 apartmentsThe application reached the Department of Buildings on February 5, 2026.