(New York Stock Exchange building at top right)
· Vacancy is forecast to end the year at 6.2 percent.
· Asking rents are projected to climb 6.2 percent this year to $67.52 per square foot.
· Effective rents will add 6.4 percent to $59.94 per square foot.
· The median price of properties sold during the past year is $648 per square foot, 27 percent more than the median price one year earlier.
For a copy of the complete Manhattan Office Research Report, as well as reports on other markets nationwide, visit our website at http://www.marcusmillichap.com/.