Alliance for Downtown New York: Q3 Leasing Returns to Post-Pandemic Levels in Lower Manhattan Office Market
November 03, 2023
November 03, 2023
NEW YORK, Nov. 3 (TNSres) -- The Alliance for Downtown New York issued the following news release:
The third quarter of Lower Manhattan office leasing settled back to post-pandemic levels. Leasing activity returned to trends seen over the last several years after the neighborhood experienced an inflated level of activity in the second quarter, primarily due to a single large lease for a government agency. In addition, vacancy rates fell, but remained stubbornly high. This mirrors on . . .
The third quarter of Lower Manhattan office leasing settled back to post-pandemic levels. Leasing activity returned to trends seen over the last several years after the neighborhood experienced an inflated level of activity in the second quarter, primarily due to a single large lease for a government agency. In addition, vacancy rates fell, but remained stubbornly high. This mirrors on . . .