Midtown South pushes Manhattan emptiness rate down. General vacancy prices
in Manhattan declined inn Novembver to 12.3 percent, from 12.4 percent in Oct.
The decrease was largely in component to a number of smaller sized transactions in the Midtown South market, which
noticed strength throughout most of its submarkets, with vacancy
rates slipping to twelve.two percent from 12.eight percent.
The typical inquiring lease in Manhattan saw a small increase final month, rising to $47.57 per sq.
foot, from $47.23 in Oct.
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impacted by the financial turmoil and credit squeeze.
Nonetheless, the overall pattern will stay good over the forecast period.
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