A Fresh Take on CRE

Leasing Activity Increases – Average Transaction Size Drops 35%—Grubb & Ellis NY Third Quarter 2009 Office Market Trends

Third Quarter 2009 Office Market Highlights:


• Pent up demand translates into strong leasing activity
• More deals signed this year to-date than entire 2008
• Average transaction size at 10 year low – 11,500 square feet
• Maturing loans will cast shadow for the next three years

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