Monday, November 23, 2015

Scorecard: Q3 office leasing down from 2014 levels

Vacancy-uptick-office

Office leasing slowed in the third quarter, but asking rents continued rising in Manhattan, Cushman & Wakefield figures showed. Total leasing volume was 21.9 million square feet through September, 10 percent lower than 2014’s first nine months. Manhattan’s average asking rent rose 6.6 percent to $71.02 per square foot last quarter, from $66.62 a year ago. (more…)

No comments:

Post a Comment