The Battery Is Down

Midtown asking rents continued creeping upwards in January while class A vacancies reached their lowest point since June 2001, according to a Colliers ABR report cited by Crain’s. The addition of 7 World Trade Center to Lower Manhattan’s inventory, though it is not scheduled to officially open until April, means that the emptiness ratio downtown has reached more than 12 percent.

Matthew Schuerman

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