Manhattan office vacancies rise
June 10, 2008 02:31PM
Midtown
The Manhattan Class A office vacancy rate rose to 6.9 percent in May, up from 6.4 percent in April and 5.3 percent at the beginning of the year, according to data from brokerage Colliers ABR. After JP Morgan and Bank of America added large blocks of office space Midtown's vacancy rate increased to 7.1 percent. The Downtown vacancy rate increased to 6.3 percent from 5.9 percent in April, as Goldman Sachs put its offices on the market in preparation to move to a new tower in Battery Park City. Midtown South saw improvements: Its vacancy rate fell to 9.9 percent, the first time it's been below 10 percent since January. TRD
The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.
Comments