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LuxuryBlurb

MANHATTAN COMMERCIAL SPACE VACANCY RATES DROP FOR FIRST TIME IN 3 YEARS

07.07.10By Leonard

The un-occupancy rate in New York fell to 10.8 percent from 11.6 percent at the end of March according to Cushman Wakefield. Rents declined for the seventh straight quarter to $54.31 a square foot from $55.38. I guess when banks are hiring 6,800 employees in 3 months, you need space….

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The Leonard Steinberg Team is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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