Cushman & Wakefield paints bleak picture for Manhattan office market

Statistics on the Manhattan office market’s dismal third quarter continue to roll in, and the situation for landlords remains grim. Commercial brokerage Cushman & Wakefield recently summed up some of the key data points in a message to its clients, Seeking Alpha reported: Occupancy is still below 15 percent, leasing is down almost 50 percent year-over-year, and sublease space has surged to account for a quarter of all space on the market. “As you can

source https://therealdeal.com/2020/10/20/cushman-wakefield-paints-bleak-picture-for-manhattan-office-market/