As seen in Northeast Real Estate Business
NEW YORK CITY MARKET HIGHLIGHT: New York City (Manhattan) Office Market
Northeast Real Estate Business, Dec. 2009
As the current economic downturn nears the 2-year mark, the global recession's impact on the Manhattan commercial office leasing market has been less profound than anticipated, but painful nonetheless. For the Manhattan office leasing market to have any hopes for recovery, New York City must first experience a rebound in job growth. Recently, there have been signs that a rebound in employment is beginning to occur. Although the New York City economy has continued to deteriorate in concert with the national recession, the pace of job loss in New York City slowed considerably from an average of 23,000 losses per month in fourth quarter 2008 to approximately 8,000 per month in second quarter 2009...
Read the complete article online at:
http://northeastrebusiness.com/articles/DEC09/highlight1.html
Major Contributors: New York City-based MHP Real Estate Services/TCN Worldwide
Media Contact:
Claudia Crow (ccrow@tcnworldwide.com)
TCN Worldwide ~ Director of Marketing & Communications
This PR opportunity was generated by TCN Worldwide HQ. To learn how TCN Worldwide is helping to facilitate PR opportunities for our member firms please contact Claudia Crow, TCN Worldwide Director of Marketing and Communications, at ccrow@tcnworldwide.com.