The Office of Management and Budget released a new report detailing the office building occupancy rate in New York, which has been on the decline.
The Bureau of Labor Statistics reported in May that New York is seeing a 3.6 percent decline in the office occupancy rate since its peak in 2007, which is still the lowest among major metropolitan areas.
The office building’s occupancy rate has been in decline since at least the late 1990s, when the city began to take a cautious approach to building housing in a bid to keep up with the population growth.
The Office of Budget and Management (OBM) report found that New Yorkers are now spending an average of $3,621 a month to live in their office buildings, which the bureau said is the highest rate in the nation.
The city’s overall office vacancy rate is about 2.5 percent, which means that the number of vacant offices is still very high compared to other major cities.
The number of office buildings in the country has decreased from an average daily count of 2,900 in 2010 to 2,000 last year, according to the New York Department of Buildings.OBM also said that the average occupancy rate is still well above the national average of 4.2 percent.
It’s the lowest occupancy rate of any major metropolitan area.
The bureau found that there were 5,200 more people in New England than in 2010, a drop of more than 500,000 people.
In the East, the number was up by more than 7,000.
The occupancy rate also fell in the Midwest, which saw an increase of more a few hundred people.
That means that a majority of the country’s cities have less than 1,000 vacancies per 100,000 residents, according the report.
The new data comes on the heels of an October announcement that the New England office vacancy rates would be a key benchmark for the future of New York and New Jersey.