The Reel

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A blog for breaking sales and neighborhood real estate news.

July 21, 2015 | The Real Deal | Rey Mashayekhi

Manhattan office vacancy rates have dipped below 9 percent for the first time since 2009, according to commercial brokerage Cushman & Wakefield, which also found that a robust Midtown market has propelled overall asking rents to a seven-year high.

The declining vacancy rate, which hit a six-year low of 8.8 percent, saw asking rents in the borough climb to more...

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