A Fresh Take on CRE

Market Demonstrates Steady Recovery—Grubb & Ellis New York August Market Trends

Since August is nearly over, I suppose I should post the Grubb & Ellis August Office Market Report. So, here are the highlights:

Available supply dips below 51.5 million for the first time in 16 months

Overall direct asking rents remain flat

Downtown shows sign of promise—One World Trade Center gets new partner

Midtown sublease supply reaches a six-month low