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United States | New York, NY

Report | Manhattan Monthly Update - May 2013

Summary

In May, strong leasing activity from both non-financial services tenants and hedge funds caused vacancy to ebb and pricing to increase in Midtown, while the Midtown South market was driven by demand for Class A space from the technology industry. Downtown, vacancy increased due to slower leasing activity and new availabilities. May’s Update also includes a spotlight on the Penn Plaza/ Garment district.​

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