market research

June 2007

June 2007 New York Commercial Real Estate Market Report

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New York Market Overview

  • Total Manhattan Class A Office vacancies increased from 5.3 % vacant to 5.4 % vacant
  • Total New York City Office vacancy decreased from 5.3 % vacant to 5.2 % vacant
Retail and Office tenants are in for a rude surprise as the city assessments and lease escalations dramatically rise. The market is starting to get a little slower as the temperatures begin to get warmer and summer sets in.
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