New York Market Overview
- Total Manhattan Class A Office vacancies stayed at 8.9 % vacant
- Total New York City Office vacancy decreased from 8.1 % vacant to 8.0 % vacant
New York City Office: Manhattan Office leasing continued to be quiet with the largest lease being a renewal for UBS.
New York City Retail: Retail leasing remains slow with new store closures so rents will likely decline over the next 6 to 12 months.