According to report, the commercial real estate market in Long Island could lower as a result of the Wall Street selloff. In addition, according to a Cushman & Wakefield survey, the Manhattan office vacancy rate jumped in the third quarter of 2008....
Yet an even greater crisis had been predicted by many observers. It was believed that commercial real estate would fall, drag the economy back to a recession, and cause a catastrophe in the banks. Indeed much to the surprise of many people, commercial real estate is on the rebound. Overall...
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it has not experienced a pricing boom similar to other markets around the country. The macros of the market are different here with no to little tourism, lack of foreign students and buyers, a badly hurt commercial office sector, a retail sector that is still rebounding and an incredibly hot...
The lender will look at the building’s financials, vacancy rate, the split between rentals and owner-occupied units, and the amount of commercial space. In addition, you need to pass muster with the board for a co-op, which can be strict, Elika added....
Reports on the decline in office vacancy rate in Lower Manhattan, New York. Comparison of the office vacancy rate before and after September 11, 2001 terrorist attack; Percentage decline in office vacancy rate at the end of Se...
NYC VACANCY RATE FALLS