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(iStock) The pandemic-driven downturn has disrupted Manhattan’s office real estate market, where availability has hit record highs in recent months. But certain pockets of the borough have shown more resilience than others. The corridor along Park Avenue between 44th and 61st streets had the strongest demand relative to its availability in the fourth quarter of 2020, according to the relative strength submarket index (RSSI) figures issued by KPG Funds, in partnership with Newmark. The area’s availability was just shy of 4 million square feet, while the demand was 2.4 million square feet. (See the chart below) Noho and Soho which includes the areas between Canal and 14th streets from Fifth to Sixth avenues, and Canal and 13th streets from Third to Fifth avenues also came in strong in Q4, according to the index. The area had about 1.4 million square feet of availability and 822,000 square feet of tenant demand.

Craig leibowitzGreg krautEric meyerJames nelsonAvison youngPark avenueFar west sideHudson yardsNinth avenueHudson riverகிரேக் லேய்பஒவித்ஜ்கிரெக் க்ரௌட்எரிக் மேயர்ஜேம்ஸ் நெல்சன்அவிஸோன் இளம்பூங்கா அவென்யூ