A Fresh Take on CRE

Year Ends With Two Year Low Availability—Grubb & Ellis Fourth Quarter Trends

Office Market Highlights:

The Manhattan office supply shed 5.2 million square feet in 2010

Leasing activity surpassed 30 million square feet for the first time in three years

Midtown Class A rents experienced the greatest quarterly increase since 3Q 2007

Despite improved market fundamentals, Class B asking rents continue to decline

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