market research

May 2007

May 2007 New York Commercial Real Estate Market Report

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New York Market Overview

  • Total Manhattan Class A Office vacancies decreased from 5.5 % vacant to 5.3 % vacant
  • Total New York City Office vacancy decreased from 5.4 % vacant to 5.3 % vacant
Hot. Hot. Hot. As the temperatures rose, the market is heating up. Office and retail rents continue to steadily rose.
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