Following a 1.4 percentage-point decline in the first quarter, Manhattan’s Class A office availability rate rose slightly from 13.3% to 13.4%, according to Savills Studley.
The firm in its second quarter New York City office report states that Downtown’s Class A rate fell from 19.0% to 18.6%. Midtown’s office vacancy rate rose to 12.2% in the second quarter, while Midtown South’s rate increased to 9.0%...Midtown’s Troubles to Continue for Some Time
Related StoriesQ2 2014 New York City Office Sector Report
How many square feet do Manhattan office workers get?