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Manhattan office space stabalizing

Started by Riversider
almost 16 years ago
Posts: 13572
Member since: Apr 2009
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Commercial property in Manhattan could see a revival this year after activity staggered to a halt in 2009, offering hope that the struggling sector might not be as severe a threat to the economy as feared. According to a report by CB Richard Ellis, the real estate services company, investment in Manhattan’s office sector is poised for a rebound, with prices and vacancy rates stabilising as the US economy recovers.
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