Weakest Leasing in 18 Years: Experts

Leasing activity plummeted during the first quarter of the year, by some preliminary estimates by as much as 40 percent.

Leasing activity plummeted during the first quarter of the year, by some preliminary estimates by as much as 40 percent. Peter Hennessy, president of the New York region for the brokerage company Cassidy Turley, said that data collected by his company is showing that deals were down so much in the first three months of the year, it is the slowest opening quarter in 18 years.

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Weakest Leasing in 18 Years: Experts