Web2 days ago · Leasing activity in Manhattan's Midtown market of 2.52 million sq. ft. during Q1 was 30% below its five-year quarterly average, while quarterly leasing was down 25% from the same time last year. As a result of lackluster leasing activity, net absorption for the first quarter of 2024 was negative 781,000 sq. ft., while the availability rate rose ... Web21 hours ago · New York City’s red-hot industrial market has started to chill, according to a new report from CBRE. Companies leased 730,000 square feet of industrial space in the first quarter of 2024, a 52 percent drop from the previous quarter’s 1.5 million square feet and 25.6 percent lower than the three-year quarterly average of 1 million square ...
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