Article: Lower Manhattan experiences watershed year.(INSIDERS OUTLOOK)

2006 was a watershed year for Lower Manhattan. Many of the programs and initiatives that were put in place over the past five years to help the area recover and rebuild have come to fruition, and the results have been remarkable.

A wide variety of companies discovered the benefits of locating in Lower Manhattan this past year, taking advantage of the high-quality space available at affordable rents. This interest has propelled the office market forward, helping Downtown regain its place as one of the strongest in the country.

This activity fueled a dramatic decline in Lower Manhattan's office vacancy rate, which dropped to slightly more than 8 percent at ...

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