Downtown NYC Office Market Hits 'Tipping Point'

Law360, New York (January 13, 2014, 3:44 PM EST) -- Manhattan's downtown office market showed major leasing and investment sales growth in the third quarter of 2013 and has a stocked pipeline that is expected to make the first quarter of 2014 one of the busiest on record, analysts with CBRE Group Inc. said in their quarterly report Monday.

The downtown market has transformed from a primarily financial center to an office market that appeals to a wide array of business tenants, and leasing activity and absorption rates have been impressive despite the introduction of a...
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