Bubble Wrap
Entry
8,000 new businesses relocated to Lower Manhattan last year
Crain’s NY reports that the commercial occupancy rate downtown has improved from 13.7% to 10.6% the same quarter a year before. In Small tenants drawn to Lower Manhattan credit is given to a significant difference between downtown and midtown commercial rents: $31 vs $47 a foot, and other incentives.
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posted about 3 years ago
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