For Rent! 20 M. Feet of Prime Manhattan Office
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By Tom Acitelli
December 8, 2008 | 4:36 p.m
The bars don't lie. The above chart, courtesy of Colliers ABR research ace Robert Sammons, shows a steady increase in the amount of top-flight Manhattan office space available for either lease or sublease. The total was up to about 20 million square feet by November's end--roughly 5 percent of the borough's total office space.
The vacancy rate, incidentally, for Class A Manhattan space was 8.7 percent, its highest since September 2005.
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