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Tale of Two Manhattan Market Reports

NEW YORK CITY-A pair of market reviews for April show decidedly different interpretations of activity during the month.

By Rayna Katz | Updated on May 13, 2013

NEW YORK CITY-Proving that there’s more than one way to look at things, CBRE and Cassidy Turley issued markedly different findings in their evaluations of last month’s investment sales and leasing activity in Manhattan.

Both firms released generally positive data, with some weak spots, about Manhattan’s three sub-markets. Overall, CBRE says Manhattan logged 3.14 million square feet of leasing activity in April, the highest single month of leasing activity since June 2011. Adds CT, the market experienced positive absorption of 355,757 square feet, counteracting negative absorption that took place in the first quarter.

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