Report | New York Office Highlights - Q1 2011
Midtown SouthThe strongest of the major markets – at least in terms of occupancy – Midtown South’s overall vacancy rate moved from 9.1 percent at year-end to 8.4 percent at the end of the first quarter.
DowntownClass A rates were nearly stationary at $41.77 per square foot. Average asking rents are not expected to change dramatically during the year as more space may come onto the market.
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