Investment, Wall Street

This time is never different.

- Wall Street

Never is a long term.

Market Trend: New York City's Office Vacancy Decreases to 7.4%

Market Trend: New York City's Office Vacancy Decreases to 7.4%
Net Absorption Positive 990,481 SF in the Quarter
By Justin Sumner
January 31, 2013

The New York City Office market ended the fourth quarter 2012 with a vacancy rate of 7.4%.

The vacancy rate was down over the previous quarter, with net absorption totaling positive 990,481 square feet in the fourth quarter. That compares to negative 575,819 square feet in the third quarter. Vacant sublease space increased in the quarter, ending the quarter at 4,944,077 square feet.

http://www.costar.com/News/Article/Market-Trend-New-York-Citys-Office-Vacancy-Decreases-to-74/145256

Worldwide Plaza may be off the block

Worldwide Plaza may be off the block

With bids lagging the $1.5 billion target price, the owners of the 59-story West Side office tower are said to be thinking about holding off and settling for a re-fi now.

BY DANIEL GEIGER
NOVEMBER 19, 2012 1:37 P.M.

The owners of Worldwide Plaza have begun considering a refinancing of their 1.9 million square foot tower, rather than the sale they had been pursuing, several sources say.

http://www.crainsnewyork.com/article/20121119/REAL_ESTATE/121119923

CNNMoney: Market's biggest risk? Duh. It's Europe.

Market's biggest risk? Duh. It's Europe.
By Hibah Yousuf October 12, 2011: 7:56 AM ET

NEW YORK (CNNMoney) -- It's been on and off the back burner for a year and a half, but the European debt crisis is finally nearing a boiling point.