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

Many U.S. Office Markets to Improve in 2013, Accelerating in 2014

World Property Channel

Many U.S. Office Markets to Improve in 2013, Accelerating in 2014
Posted by Hortense Leon 11/27/12 8:00 AM EST

The office vacancy rate will continue to decline in 2013 and more so in 2014, according to the CBRE Group. The rate will fall to 14.9% next year and 13.8% in 2014, according to the commercial real estate brokerage firm.