A Fresh Take on CRE

Steady Recovery in Dynamic Market—Grubb & Ellis New York February Market Trends

Office Market Highlights:

Availability dipped 10 basis points to 13.1 percent to start the year

Sublease space shed 5.5 million square feet since January 2010

11 Times Square construction completion fueled a spike in Midtown's available supply

Downtown experienced its largest drop in availability in over 10 years