This Chart Tells Manhattan's Office Market Future
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By Tom Acitelli
October 6, 2008 | 3:41 p.m
The above chart from Colliers ABR says it all about the Manhattan office market as it enters 2008's final stretch. Vacancy rates, including for top-flight Class A space, continue to rise as asking rents remain flat. The Wall Street crisis, damaging as it is to one of Manhattan's prime office leasers, financial services, won't help matters in 2009.
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