New York City office
and retail Market Research

July 2008

July 2008 New York Commercial Real Estate Market Report

  • Page 1

New York Market Overview

  • Total Manhattan Class A Office vacancies increased from 5.6 % vacant to 5.7 % vacant
  • Total New York City Office vacancy increased from 5.7 % vacant to 5.8 % vacant
Major blocks of office coming back onto the market as wall street firms and banks lay off workers.

Pfizer Inc. is seeking to sublease 750,000 square feet of space. Pfizer owns its company headquarters on East 42nd St. as well as 685 Third Avenue and 150 E. 42nd Street and 605 Third Avenue.
Royal Bank of Scotland is marketing about 140,000 square feet at 7 World Trade Center.
J.P. Morgan Chase & Co.
  • Page 1
  • 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