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StreetEasy

Manhattan Commercial Rents Up...

Started by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009
Discussion about
... slightly http://www.crainsnewyork.com/article/20110706/REAL_ESTATE/110709972 Vacancies down steeply, rents up slightly, in 2Q - In a year, Manhattan's overall vacancy rate fell to 10.8% while overall rents grew 2.7% to $53.49 per square foot. Class A office spaces saw 4.7% rent surge
Response by jim_hones10
about 15 years ago
Posts: 3413
Member since: Jan 2010

can,t be true. the smart money on streeteasy has the manhattan market in the toilet and the world ending soon.

next

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Response by jakedavid
about 15 years ago
Posts: 126
Member since: May 2010

I just don't buy it.

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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010

w67thstreet a commercial landlord

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Response by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009

Remember, we're talking 3% increases off of some low numbers... commercial market got hit hard... crains put out some 50% down numbers previously...

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Response by jim_hones10
about 15 years ago
Posts: 3413
Member since: Jan 2010

what has to happen before prices rise?

supply has to shrink. same thing happened in the rental market. look at rents now.

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