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Colliers: Office Market Gained Strength in Q3

NEW YORK CITY-In a new report, the real estate firm points to several sectors as holding down the fort, while investment sales prices hit new highs.

By Rayna Katz | Updated on September 30, 2013

NEW YORK CITY-Right at the close of the third quarter, Colliers International has issued a report on the city’s performance over the last three months. According to the data, the Manhattan office market returned to a more normalized pace of activity in the third quarter, with overall indicators pointing to slow but steady improvements as year end approaches.

The leasing market’s leaders were healthcare, technology, professional, and business services, all strengthened by an overall improving employment sector, although the pace of large lease and investment sales activity slowed over the past few months, Collier’s notes.

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