A Fresh Take on CRE

Increased Leasing Activity Still Outpaced by Space Returns - Grubb & Ellis New York Monthly Trends - December 2009


December 2009 Office Market Highlights:


• Availability rose 20 basis points since the summer to 14.7%
• The addition of 260,000 SF of sublease space brought the sublease supply back up to 16 million SF
• Class A net effective rents remain down 40% from market peak
• A potential rise in foreclosures could be a significant issue in 2010


http://feeds.feedburner.com/Brokered-ThoughtsOnNycCommericalRealEstate