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NEW YORK CITY-Office leasing and investment sales year to date are up sharply across Manhattan, by 65.8% and 168%, respectively, Cushman & Wakefield said Tuesday in its third-quarter overview report. Similarly, Jones Lang LaSalle’s James Delmonte says in a release, “Manhattan is on target to end the year with positive absorption for the first time since 2007.” However, not everything’s trending upward: asking rents are continuing to decline, albeit more gradually, and here as elsewhere, more job growth will be needed to keep the momentum going long-term.


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