Your English writing platform
Discover LudwigExact(4)
The Westchester office market continued in the third quarter with strong leasing activity and a declining vacancy rate, according to a survey by Insignia/ESG.
These included historically low unemployment rates and declining vacancy rates in the commercial office space market, the latter reflecting job growth, which in turn generated new housing needs.
Another survey, by Citi Habitats, also showed a significant increase in rents, and a declining vacancy rate, to 1.7percentt, in 140 buildings tracked from month to month in Manhattan.
Recent job gains bode well for the office market as declining vacancy rates should push rental rates up next year.
Similar(56)
"If you look at the fundamentals over the past six months or so, there is very strong leasing, declining vacancies and positive net absorption," said Tim Wang, a senior vice president at Clarion Partners, which last month purchased 2.8 million square feet in industrial properties from Prologis Inc. for $118 million and is looking for other acquisitions.
Since 2008, rent burden has also become far more common among middle-class households, the combined result of stagnant incomes and declining rental vacancy.
"By contrast, last year, a feature article in The New York Times Travel section called New Haven 'an irresistible destination.' " At Dr. Hundert's inaugural colloquium on universities and their cities in January, Dr. Levin described a Yale program offering subsidies to university employees to buy houses in New Haven, where housing prices had been declining and vacancy rates were high.
Still, amid a strong corporate-spending climate and declining commercial vacancy rates in the U.S., Knoll is betting big on a win for the little guy and a cubeless future at work.
"There are a lot of other reasons, including increased vacancies, declining rents and uncertain corporate financial strength".
[C8.] WITH MIDTOWN MANHATTAN vacancy rates declining, SL Green's purchase of two buildings for $480 million last summer is looking a lot less speculative than it did at first.
Others include inflationary pressures like rising prices for fuel and homes, low office vacancies and declining retail spending.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com