Midtown Manhattan office rents fell 33%

 

 

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Midtown Manhattan office rents fell 33%

via Lushhomemedia by luxuryasiahome on 12/30/09

Midtown Manhattan office rents fell 33 per cent in 2009 as New York's financial industry cut staff and relinquished space, commercial property broker FirstService Williams said in a report. Rents in the nation's most expensive office district dropped to US$59.31 a square foot in the fourth quarter and are down almost 50 per cent when concessions [...]

 

 

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