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Commercial vacancy rate hits 10.9%

Started by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
Struggling financial and law firms are vacating space faster than other tenants can absorb it, as the availability rate hits 10.9% for the fourth quarter of 2008. http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20081229/FREE/812299980/1058/newsletter11
Response by jgr
about 17 years ago
Posts: 345
Member since: Dec 2008

Another one of those "That's faster than even the bearish of bears expected it"

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

Well, commercial can move fast in terms of vacancies. Throw in a few bankruptcies, some new construction, and a reluctance to sign new deals... the numbers can move very quickly.

(rents would be another story)

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Response by w67thstreet
about 17 years ago
Posts: 9003
Member since: Dec 2008

Nice... keep it coming the vulturew67 is circling...

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