Manhattan on track to see negative office absorption for first time in 7 years: Colliers

For the first time in seven years, the Manhattan office market is set to have a negative absorption rate, as leasing activity through the third quarter hasn’t been able to keep pace with additional supply. Absorption year-to-date sits at negative 2.2 million square feet, according to Colliers International’s third-quarter office report. Unless the fourth quarter […]