A Fresh Take on CRE

Availability Holds Tight—Grubb & Ellis New York March Market Trends

Office Market Highlights:

Midtown’s large block supply is down by 35 percent since 2009

Midtown asking rents rose $0.11 per square foot in February, up $2.37 per square foot since fourth quarter 2010

Midtown South’s recovery continued for the fifth consecutive month

Downtown’s available supply is at a 12-month low

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