By 2018, there will be 9.5 million square feet of new office space in Manhattan, thanks to new, high profile towers like Manhattan West, the World Trade Center, and Hudson Yards. Could this lead to a glut? Brokers don't think so, but Cuozzo points out that brand new office space is expensive office space that can't be compared to older, cheaper existing buildings, so maintaining the 10 percent vacancy rate might not be that easy. [NYP]
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