6/19/2009

Office space prices in Midtown Manhattan could start to show signs of a recovery in early 2010, according to a report by CB Richard Ellis. "Repricing [has] been going on for a while," said Pamela Murphy, a senior vice president at CB Richard Ellis. "We see it turning a corner now, because it takes a few months for a deal to close, and obviously the asking-versus-taking-rent numbers are based on closed deals."

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