Lower Manhattan CRE Market Struggling to Recover from COVID-19; Residential Sector a Different Story
May 4, 2021NEW YORK—First quarter office leasing in Lower Manhattan was up from the previous quarter's record low but still more than 60% below the five-year quarterly average, according to the Alliance for Downtown New York's Lower Manhattan Real Estate Market Report, Q1 2021 released today. The report noted that while the commercial real estate market lags,…
Read More