David W. Levinson Gives his Thoughts on the Manhattan Commercial Real Estate Market

In the following interview featured in The New York Times, David W. Levinson delivers his opinions regarding the current state of the commercial real estate market in the Manhattan area of New York City. According to Levinson, the future of commercial real estate in the Manhattan area is looking bright, as evidenced by the decreased vacancy rate and the hike in rents. Levinson states, “Our outlook is positive. We’re seeing a gradual improvement in our economy. We see a supply-constrained market — in fact, the last 10 years has seen the lowest amount of development in 110 years. We’re getting an improvement in the vacancy rates. And in 2011 rents over all in New York have gone up 11 percent.” Read the entire interview here

 

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