Newspaper article from our research archive:

Daily News, New York, Real Estate Column.

By Lore Croghan, Daily News, New York Knight Ridder/Tribune Business News

Dec. 10--THE SHADOW KNOWS: The Manhattan office market is even softer than brokerage stats indicate -- because of shadow space.

There's about 9 million square feet of so-called shadow space, Robert Sammons of Colliers ABR calculates.

That's enough to add two percentage points to Manhattan's vacancy rate of 12.5 percent.

Shadow space is unused space that tenants want to shed quietly or space that's expected to empty out several months from now, when tenants carry out planned moves.

Investment banks including J.P. Morgan Chase and Deutsche Bank are big holders of shadow space.

...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!