market research

January 2008

January 2008 New York Commercial Real Estate Market Report

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New York Market Overview

  • Total Manhattan Class A Office vacancies decreased from 5.3 % vacant to 5.1 % vacant
  • Total New York City Office vacancy decreased from 5.4 % vacant to 5.1 % vacant
There are 9,072,684 RSF of office space under construction and more office space contemplated and many additional office buildings contemplated. The big question is which will Wall Street and hedge funds start will lay off and how much will they lay and whether the other firms will go back to buisness as usual? Stay tuned.
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