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Effective Manhattan office rents off 45%

Started by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
>> Effective Manhattan office rents off 45% Commercial leasing activity rises in the third quarter -- still far below healthy levels -- and the office vacancy rate climbs to a five-year high, according to a new report. http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20091006/FREE/910069995/1058/newsletter
Response by 30yrs_RE_20_in_REO
almost 17 years ago
Posts: 9913
Member since: Mar 2009

It's a good thing this won't have any effects on the residential market........

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Response by marco_m
almost 17 years ago
Posts: 2481
Member since: Dec 2008

300 billion in cre needs to get refinanced in 2010 alone. not even close to happening

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