New York Office Market Shows Signs of Recovery Amid Mixed Metrics
TL;DR Summary
Manhattan's office leasing market is experiencing a strong rebound, with August leasing volumes surpassing 3.7 million square feet and potentially exceeding 40 million for the year, driven by demand from tech, legal sectors, and new construction, while office rents are gradually increasing and availability rates are decreasing, especially in newer buildings.
Topics:business#manhattan-office-leasing#office-conversions#office-market-recovery#office-rent-increase#office-space-availability#real-estate
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