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A Yes, definitely, particularly for Class A buildings in Midtown.
"The time has come for Class A buildings in Newark".
Jared Horowitz, a senior director at Cushman & Wakefield, said that in Midtown South, even the Class A buildings tend to have smaller floor plates than Class A buildings in other markets, and an arty look and feel.
As of Feb. 28, the vacancy rate among Manhattan's Class A buildings was 5.8percentt, according to Collier ABR.
Not counting the new buildings coming on line, vacancies for Class A buildings in both Nassau and Suffolk Counties are at historic lows.
While several Class A buildings that have been vacant for years remain on the market, two were recently rented for use by health care companies.
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"With seven Class-A buildings in the Downtown core, partnering with Grid110 was a natural fit with our vision to diversify our portfolio of tenants.
He took his analysis to a buildings-department official.
A Buildings Department spokesman, Sid Dinsay, said ordering a building vacated in one day for structural reasons was "unusual and rare".
But Ilyse Fink, a Buildings Department spokeswoman, said a construction permit had been issued only for the structure at 768 Pacific Street.
How much money can be saved, on average, through energy-efficient systems? A. Buildings account for 40 percent of the energy usage anywhere in the developed world, and 70 percent of the electrical usage.
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