New York property market still hot: Colliers
New York
LEASING activity in the third quarter for office space in Manhattan dipped below a 10-year rolling average for the first time since 2013, a crack in an otherwise robust commercial real estate market, Colliers International Group Inc said on Wednesday.
The asking rate for rents is at record highs and property sales are poised to set an annual record, while the availability rate for office space fell to 9.7 per cent, the lowest for all of Manhattan in seven years, Colliers said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies
Distressed builder Taeyoung wins debt restructuring vote
China Evergrande to delay 2023 annual results; shares remain suspended