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Manhattan’s Solid Performance
Manhattan’s average advertised asking rents were up 0.2 percent on a T3 basis through November, to $5,023, 40 basis points above the U.S. figure, while the YoY rate stood at 5.1 percent, among the highest in the nation. Occupancy for stabilized assets was also up, by 40 bps YoY, to 98.2 percent as of October.
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