All topics / Promoting Viable Communities and Neighborhoods / New York City Economic Development Corporation
Occupancy rate of NYCEDC-managed property (%)
Shape, grow, and strengthen neighborhoods where New Yorkers live, learn and work. — Cultivate dynamic, resilient, livable communities throughout the five boroughs.
* Year to date — this fiscal year isn't complete, so it's not compared against prior years in the target/trend status above.
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| Fiscal year | Actual | Target |
|---|---|---|
| FY22 | 99.2% | 95% |
| FY23 | 99.1% | Not available |
| FY24 | 99.1% | Not available |
| FY25 | 98.7% | Not available |
| FY26 (YTD) | Not available | Not available |
98.7% in FY25 — has no numeric target set by the City, and it has trended in the wrong direction over the past 3 years of reported data.
Why this is tracked
EDC's predecessor, the Public Development Corporation, was created in 1966 and led redevelopment of major sites like the Brooklyn Army Terminal, Jamaica Center, and South Street Seaport. Today EDC frames neighborhood work as building 'dynamic, resilient, livable communities' across the five boroughs. Between April and June 2025, it launched its first Economic Mobility Networks in Sunset Park and Hunts Point and a Workforce Development Fund in East New York, each providing $1.4 million to local organizations to connect residents to jobs, an approach meant to tie physical neighborhood development to economic opportunity for existing residents.
New York City Economic Development Corporation - Wikipedia, EDC's 5 Equitable Economic Development Priorities - Association for Neighborhood and Housing Development
Source: Asset Management — via NYC Open Data: Mayor's Management Report, Agency Performance Indicators
Coverage shown: FY22–FY26, reported pmmr/mmr.
Definition: For NYCEDC-managed properties, the number of square feet leased as a percent of the total available space.