Midtown’s Troubles to Continue for Some Time
July 30, 2014


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




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