The Real Deal New York

Office space availability rises as landlords chase higher rents

New spaces hit the market at higher rates, driving up averages throughout Manhattan

From the March issue: New product put on the market with an eye toward capturing broad rent increases boosted the availability rate across Manhattan last month. It was the first time in nearly a year availability rose in all three of the borough’s office leasing submarkets, information from commercial brokerage Colliers International showed. [more]