{"id":1004018825,"date":"2010-04-05T08:29:59","date_gmt":"2010-04-05T16:29:59","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004018825"},"modified":"2022-12-05T23:13:38","modified_gmt":"2022-12-06T07:13:38","slug":"start-spreading-the-news-big-apple-rents-up-availability-down","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/","title":{"rendered":"Start Spreading the News: Big Apple Rents Up, Availability Down"},"content":{"rendered":"<p>April 5, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004018826\" style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004018826\" data-attachment-id=\"1004018826\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/wwarby-two\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"wwarby, two\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user wwarby&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg\" alt=\"\" title=\"wwarby, two\" width=\"150\" height=\"150\" class=\"size-thumbnail wp-image-1004018826\" \/><\/a><p id=\"caption-attachment-1004018826\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user wwarby<\/p><\/div>\n<p>Even the famously resilient Manhattan office market has taken a beating during the recession, but the bruises are healing and things are starting to look up. That\u2019s according to FirstService Williams, which is becoming the New York-New Jersey-Connecticut hub of Colliers International.<\/p>\n<p>The firm found that asking rents in the Midtown North submarket rose to $59.91 per square foot by the end of this year\u2019s first quarter, up from $59.31 at the end of fourth quarter 2009. Additionally, asking rents in the Midtown South submarket were up to $39.99 from $39.73. Downtown was the only submarket that saw asking rents drop, falling to $37.21 from $38.60 a quarter earlier. <\/p>\n<p>Overall leasing for first quarter 2010 was also up to 3.8 million square feet from 3.4 million square feet a year ago. Overall availability in Manhattan was down to 13.6 percent by the end of first quarter 2010 as opposed to 13.8 percent at the end of fourth quarter 2009.<\/p>\n<p>There was also good news in the sublease market, which showed a decrease of 2.6 percent over the last quarter in terms of available sublease space. The firm found that both Midtown North and Midtown South are tightening, with respective availability declines of 9.3 percent and 16.8 percent. <\/p>\n<p>\u201cEven with moderate economic growth, space availabilities will become tighter in 2011 and 2012,\u201d FirstService chairman Robert Freedman said when announcing the news. <\/p>\n<p>FirstService also found that the sales market has seen an increase in offerings from sellers not in distressed situations, and that Class B properties in Midtown North and Midtown South traded at significantly higher prices than those in Downtown.<\/p>\n<p>FirstService has nearly 300 employees in Manhattan, Westchester, New Jersey and Connecticut. It is currently in the process of joining Colliers International. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even the famously resilient Manhattan real estate market has taken a beating during the recession, but the bruises are healing and things are starting to look up. That\u2019s according to FirstService Williams, which is becoming the New York-New Jersey-Connecticut hub of Colliers International.<\/p>\n","protected":false},"author":936,"featured_media":1004018826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,10,21747],"tags":[],"class_list":["post-1004018825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Start Spreading the News: Big Apple Rents Up, Availability Down - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Start Spreading the News: Big Apple Rents Up, Availability Down\" \/>\n<meta property=\"og:description\" content=\"Even the famously resilient Manhattan real estate market has taken a beating during the recession, but the bruises are healing and things are starting to look up. That\u2019s according to FirstService Williams, which is becoming the New York-New Jersey-Connecticut hub of Colliers International.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-04-05T16:29:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T07:13:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Start Spreading the News: Big Apple Rents Up, Availability Down\",\"datePublished\":\"2010-04-05T16:29:59+00:00\",\"dateModified\":\"2022-12-06T07:13:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/\"},\"wordCount\":303,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/04\\\/wwarby-two.jpg\",\"articleSection\":[\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/\",\"name\":\"Start Spreading the News: Big Apple Rents Up, Availability Down - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/04\\\/wwarby-two.jpg\",\"datePublished\":\"2010-04-05T16:29:59+00:00\",\"dateModified\":\"2022-12-06T07:13:38+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/04\\\/wwarby-two.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/04\\\/wwarby-two.jpg\",\"width\":\"500\",\"height\":\"375\",\"caption\":\"Courtesy Flickr Creative Commons user wwarby\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/start-spreading-the-news-big-apple-rents-up-availability-down\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Start Spreading the News: Big Apple Rents Up, Availability Down\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\",\"name\":\"Allison Landa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"caption\":\"Allison Landa\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/allisonlanda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Start Spreading the News: Big Apple Rents Up, Availability Down - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/","og_locale":"en_US","og_type":"article","og_title":"Start Spreading the News: Big Apple Rents Up, Availability Down","og_description":"Even the famously resilient Manhattan real estate market has taken a beating during the recession, but the bruises are healing and things are starting to look up. That\u2019s according to FirstService Williams, which is becoming the New York-New Jersey-Connecticut hub of Colliers International.","og_url":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2010-04-05T16:29:59+00:00","article_modified_time":"2022-12-06T07:13:38+00:00","og_image":[{"width":500,"height":375,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg","type":"image\/jpeg"}],"author":"Allison Landa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/"},"author":{"name":"Allison Landa","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"headline":"Start Spreading the News: Big Apple Rents Up, Availability Down","datePublished":"2010-04-05T16:29:59+00:00","dateModified":"2022-12-06T07:13:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/"},"wordCount":303,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg","articleSection":["News","Northeast","Office"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/","url":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/","name":"Start Spreading the News: Big Apple Rents Up, Availability Down - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg","datePublished":"2010-04-05T16:29:59+00:00","dateModified":"2022-12-06T07:13:38+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg","width":"500","height":"375","caption":"Courtesy Flickr Creative Commons user wwarby"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/start-spreading-the-news-big-apple-rents-up-availability-down\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Start Spreading the News: Big Apple Rents Up, Availability Down"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249","name":"Allison Landa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","caption":"Allison Landa"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/allisonlanda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/04\/wwarby-two.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004018825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/936"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004018825"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004018825\/revisions"}],"predecessor-version":[{"id":1004620194,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004018825\/revisions\/1004620194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004018826"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004018825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004018825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004018825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}