Manhattan’s outsized attraction of college-educated professionals will continue to drive office fundamentals
- As one of the largest job markets in the world with unmatched transit and amenities, Manhattan has attracted more college-educated professionals than any U.S. city since 2016.
- The island’s rich labor pool is an increasingly important factor for companies making real estate occupancy decisions. With a distinct supply shortage in the national market for labor, Manhattan’s ability to attract high-skilled talent further differentiates the city from its peers.
- Of particular significance in an increasingly globalizing economy, Manhattan far outperforms other domestic gateway cities in terms of attracting educated international talent.
Source: JLL Research, US Census Bureau