Wednesday, April 03, 2013
By Daniel P. Tucker : Associate Producer, WNYC News
There's so little office space available from Canal Street to 32nd Street — an area known as Midtown South — that more companies are setting up shop in Lower Manhattan, according to data released Wednesday by commercial real estate firm Cushman & Wakefield.
Monday, February 04, 2013
By Ilya Marritz
The biggest office building in New York City – actually, the biggest office building anywhere east of the Mississippi River – is a structure you’ve probably never heard of: It’s 55 Water Street. It's a 1970s-era skyscraper just steps from the East River.
Tuesday, October 05, 2010
By Charlie Herman : Business and Economics Editor
Despite falling rents and rising vacancy rates, the commercial real estate market could be improving.
According to the New York-based real estate firm REIS, even as the vacancy rate hit a 17-year high of 17.5 percent, the quarterly rate increase was slower compared to last year. And for the first time since 2008, the average rent on 4 billion square feet of office spaces was effectively unchanged from the previous quarter: rents fell one cent to $22.05 per square foot.