In 2006, the market felt a softening that pushed vacancy rates up to 2.4%, but a 56% cut in construction has cut vacancy rates in half.
Although the county has not drawn major employers on the scale of Swiss Bank, it has cut its vacancy rate by focusing on small and midsize firms, said Salvatore Carrera, the county economic development director.
She has cut the number of vacancies in the investigative agency from 24 when she started in 2007 to about half a dozen today, she said.
In one other online scam, current vacancies were cut and pasted from the UNICEF website and posted on a bogus 'employment' site with a Yahoo return address.
But property owners have little reason to cut deals, because the vacancy rate in Manhattan is hovering around 1 percent.
Next up: Admissions Freak-out Countdown #3: The Squeeze Play - Early Decision, Budget Cuts, and No Vacancy Signs.
They said that by not filling vacancies they had cut the headcount of the mayor's office to 412 from 627, a 34percentt cut, and that they had trimmed the budget by $7.8 million over a period of 18 months, for a 20percentt cut.
But a string of economic blows has left the downtown pocked with vacancies and has cut the population by one-fifth.
The prime minister referred to the situation in London, where he contrasted the 37,390 people who had been on jobseeker's allowance for more than a year and would be affected by 10% housing benefit cut with the 30,000 new vacancies which he said arose in the capital each month.
Many of those cuts, however, will result from vacancies that will go unfilled or from the merging of existing positions.
