{"id":1004021349,"date":"2010-07-02T09:45:09","date_gmt":"2010-07-02T17:45:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004021349"},"modified":"2022-12-09T01:14:03","modified_gmt":"2022-12-09T09:14:03","slug":"jll-vacancies-fall-amongst-nyc-class-a-office-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\/","title":{"rendered":"JLL: Vacancies Fall Amongst NYC Class A Office Properties"},"content":{"rendered":"<p>July 2, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004021350\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004021350\" data-attachment-id=\"1004021350\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\/morrissey-4\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.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=\"morrissey\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user morrissey&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.jpg\" alt=\"\" title=\"morrissey\" width=\"300\" height=\"225\" class=\"size-medium wp-image-1004021350\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004021350\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user morrissey<\/p><\/div>\n<p>Jones Lang LaSalle this week found that Class A office vacancy rates in New York tumbled in all submarkets during the second quarter of 2010, with the Midtown and Downtown submarkets seeing rental rates nearly unchanged.<\/p>\n<p>Vacancy rates dropped amongst all property types in Midtown, where the overall vacancy rate fell to 13.2 percent at mid-2010, a drop of 3 percent from the overall vacancy rate of 13.6 percent in the first quarter. Class A vacancy rates fell to 13.4 percent over the second quarter, down 3.4 percent from the previous quarter\u2019s 13.9 percent.<\/p>\n<p>Class B vacancies also fell, tumbling to 12.8 percent from 13.2 percent in the first quarter. Moreover, average asking rates for Class A space in Midtown remained nearly unchanged, posting an average rate of $64.25 per square foot at mid-2010, down just 1 cent from the Class A rate of $64.26 per square foot in the first quarter.<\/p>\n<p>\u201cLeasing activity is up considerably over this past year, while the number of large blocks of space coming back to the market has slowed,\u201d JLL vice president and director of research for the New York office James Delmonte said in a prepared statement. \u201cWith demand finally outweighing supply, vacancy levels improved in some submarkets, leading to positive absorption for the overall market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vacancy rates dropped amongst all property types in Midtown, where the overall vacancy rate fell to 13.2 percent at mid-2010, a drop of 3 percent from the overall vacancy rate of 13.6 percent in the first quarter. Class A vacancy rates fell to 13.4 percent over the second quarter, down 3.4 percent from the previous quarter&#8217;s 13.9 percent.<\/p>\n","protected":false},"author":936,"featured_media":1004021350,"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-1004021349","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>JLL: Vacancies Fall Amongst NYC Class A Office Properties - 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\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL: Vacancies Fall Amongst NYC Class A Office Properties\" \/>\n<meta property=\"og:description\" content=\"Vacancy rates dropped amongst all property types in Midtown, where the overall vacancy rate fell to 13.2 percent at mid-2010, a drop of 3 percent from the overall vacancy rate of 13.6 percent in the first quarter. Class A vacancy rates fell to 13.4 percent over the second quarter, down 3.4 percent from the previous quarter&#039;s 13.9 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\/\" \/>\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=\"2010-07-02T17:45:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:14:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/07\/morrissey.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\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"JLL: Vacancies Fall Amongst NYC Class A Office Properties\",\"datePublished\":\"2010-07-02T17:45:09+00:00\",\"dateModified\":\"2022-12-09T09:14:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/07\\\/morrissey.jpg\",\"articleSection\":[\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jll-vacancies-fall-amongst-nyc-class-a-office-properties\\\/\",\"name\":\"JLL: Vacancies Fall Amongst NYC Class A Office Properties - 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