The vacancy rate in New York’s tallest building is much higher than the city’s overall commercial vacancy rate. The Empire State Building has a vacancy rate of 18 percent, while Manhattan’s rate overall hovers under 10 percent, according to various reports. The main reason for the building’s high vacancy rate reportedly rests with its mismanagement. more [NYDN]
Plenty of space in Empire State Building
March 13, 2006 12:00AM
