The Real Deal New York

Downtown asking rents for office space drop sharply

Gap grows between asking rents and actual rent paid in Manhattan
By Adam Pincus | June 02, 2014 03:00PM

From the June issue: Despite large leasing deals such as Time Inc. relocating to Lower Manhattan last month, the average asking rent in all three Manhattan markets ticked down in May, the first time that has happened in at least a year. [more]