Tuesday 13 October 2020

Industrial leasing surges in NYC as other sectors flounder

Leasing office or retail space in New York City — or Manhattan apartments, for that matter — is slow going these days. But the city’s industrial real estate market is on fire. Industrial tenants inked deals for 1.6 million square feet of space in the five boroughs during the third quarter of the year, a nearly 71 percent increase over the same time last year, according to new data from CBRE. The availability rate for



source https://therealdeal.com/2020/10/13/industrial-leasing-surges-in-nyc-as-other-sectors-flounder/

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