
Manhattan Office Vacancy Rate Climbs to 13.1 Percent, Worst Since 1996
The Manhattan office market, according to a new report, hasn’t looked this bleak since Barack Obama was a community organizer with designs.
Both the overall Manhattan commercial vacancy rate and the vacancy rate for top-shelf, Class A properties in midtown are the highest since 1996, according to Colliers ABR’s May market report (PDF). Overall Read More
