Studley Q3 2011 New York Office Market and Space Data Report
October 27, 2011
By: Staff

Manhattan's overall availability rate registered a 0.5 pp decline, falling to 10.8 percent, according to Studley Third Quarter 2011 New York Office Market and Space Data Report. Midtown's Class A rate fell by 0.7 pp, closing the third quarter at 10.7 percent, and downtown's Class A rate posted a smaller 0.4 pp drop to 10.1 percent. ...

... Overall deal volume decreased by 20.3 percent during the quarter, sliding from 8.8 msf to 7.0 msf. Quarterly leasing was 4.4 percent below its long-term average and Class A activity (2.8 msf) dropped below its long-term average by 10.9 percent.

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