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Greatest Depression: Two-Thirds Off on Manhattan Office Space

05-26-2009 • CalculatedRiskblog.com

“A year and a half ago, this space might have leased for $150 per square foot,” Mr. Sammons said, while he has heard of recent sublets in high-end buildings in this office corridor with annual rents of as little as $40 to $50 per square foot.

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