From the January issue: Manhattan’s commercial market bounced along the bottom for much of the last 12 months. But the start of the New Year brings fresh signs that landlords, even in the lagging Downtown market, are gaining back some of the leverage they lost over the past two years.
Both Midtown and Midtown South are beginning 2011 with good news — the availability rate has declined by over 2 points in the last year and the average asking rents have risen. And in Lower Manhattan, the only district of the three where the availability rate remains higher than it was one year ago, brokers reported signs that landlords are winning back some leverage. [more]
