New York Midtown office occupier costs rise 13.7% annually, Savills says

• Savills identified US cities, led by New York and Dallas, among the fastest-rising office occupier cost markets globally amid constrained premium supply.
• New York Midtown occupier costs rose 4.9% in the quarter, taking annual growth to 13.7%.
• Midtown’s annual occupier costs reached $225 per square foot, while vacancy in trophy office buildings fell below 1.9%.
• Mainland Chinese office occupier costs fell 0.7% in Q3, leaving them 4.4% below year-earlier levels.
• Elsewhere in Asia Pacific, occupier costs increased 1.4% quarterly, bringing annual growth to 7%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Savills plc published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.