New York City office
and retail Market Research

March 2008

March 2008 New York Commercial Real Estate Market Report

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New York Market Overview

  • Total Manhattan Class A Office vacancies decreased from 5.8 % vacant to 5.3 % vacant
  • Total New York City Office vacancy decreased from 5.7 % vacant to 5.4 % vacant
The Manhattan office market showed signs of a slowdown in the fourth quarter of 2007, as a streak of four straight quarters of positive absorption ended with 734,662 square feet of going back on the market.
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