The ratio of empty property on the New York office market rose by 0.4% in the second quarter of this year over the first, to 9.4%.
Figures by Jones Lang LaSalle (JLL) reveal that the ratio of unleased offices in New York is still below the average rate of 15.4% for the whole of the US.
Demand for rented property is low, and JLL is reticent about predictions for a recovery as a result of the recession.
Handelsblatt, 06 September 2002, p1
