Manhattan commercial real estate market had experienced positive growth during the first quarter of 2011. Strong leasing activity driven by employment growth and limited supply due to lack of new constructions are key reasons for resilient commercial property market in New York.  Office vacancy rate in New York at the end of March 2011 was ...

According to Cushman & Wakefield, the commercial property investments in New York during 2011 in expiring positive growth momentum with approximately $5.5 billion worth of transactions taking place during the first quarter of 2011.  This figure has lot of significance as total commercial property transactions in Manhattan were $13.6 billion in 2010 while during 2009, ...