Manhattan Office Vacancy Rate Increases, Effective Rents off 44%
• CalculatedRiskblog.comFactoring in months of free rent and work space improvements, effective rent in Manhattan already is off 44 percent from the peak in the first quarter 2008.
Factoring in months of free rent and work space improvements, effective rent in Manhattan already is off 44 percent from the peak in the first quarter 2008.
