Manhattan’s office availability rate hit a high not seen in more than a decade. In October, the amount of available office space in the borough rose to 12.9 percent, the highest since 2004, according to Colliers International’s monthly Manhattan office market report. The glut of available space persisted even as leasing volume rose: It was up by 57.1 percent to 1.76 million square feet, compared to September. But that’s still less than a half of
source https://therealdeal.com/2020/11/06/manhattan-office-availability-hits-highest-rate-since-2004/
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