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New York Market Overview

  • Total Manhattan Class A Office vacancies increased from 5.1 % vacant to 5.8 % vacant
  • Total New York City Office vacancy increased from 5.1 % vacant to 5.7 % vacant
Manhattan office rents have peaked at $225/RSF, making New York the 3rd most expensive office market in the world and highest in the United States. The recent bad news for Wall Street may mean reduced office and retail rents in Manhattan as the banks and investment banks sublease or vacate space.
Related Newsletter
  1. February 2008 New York Commercial Real Estate Market Report
  2. May 2007 New York Commercial Real Estate Market Report
  3. December 2014 New York Commercial Real Estate Market Report
  4. April 2007 New York Commercial Real Estate Market Report
  5. January 2015 New York Commercial Real Estate Market Report
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