Office Vacancy Rate Rises Sharply

From CalculatedRisk : Office Vacancy Rate Rises Sharply

From Bloomberg: New York's Top Office Vacancies Jump 43% on Layoffs


Vacancies for Class A space rose to 7.7 percent in Manhattan, up from 6.9 percent in the second quarter and 5.4 percent a year ago. There's 18.5 million square feet for rent, up from 12.9million feet a year ago, according to Cushman statistics.
...
Nationwide, the office vacancy rate reached 13.6 percent in the third quarter from 13.1 percent in the second quarter, according to a report released Monday by Reis, Inc. a New York- based provider of real estate data.

The CRE slump is here.

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