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Manhattan Office Vacancy Rates Hit 2 Year High

Posted on July 01, 2008

From Bloomberg: Manhattan Office Vacancy Rates Climb to Two-Year High Manhattan's office vacancy rate rose to its highest level since 2006 in the second quarter as financial firms, beset by losses, fired workers and reduced their office space, real estate brokerage Cushman & Wakefield Inc. said. Vacancies in the most expensive U.S. office market rose to 7.1 percent from 5.3 percent a year...

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real estate