market research

August 2008

August 2008 New York Commercial Real Estate Market Report

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New York Market Overview

  • Total Manhattan Class A Office vacancies increased from 5.7 % vacant to 5.8 % vacant
  • Total New York City Office vacancy stayed at 5.8 % vacant
Landlords react to the announced layoffs and pending coming back to the market by lowering asking rents and increasing soft dollars to Tenants.
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  • Green Acres Is the Place for Macerich
  • Billionaire Shows How Small Buildings in NYC Can Mean Big Money
  • Optimal Spaces in the News - New York's Pix11 / Wpix-Tv
  • Fighting rubber ruler measurements
  • Manhattan's Low-Rent Dining in Hiding
  • The NY Fed Is Buying Its Own Building