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- Title
CBRE Research Finds Strong Link Between Rents, Subway Station Proximity.
- Abstract
The article discusses the report of property research firm CBRE Research regarding the link between rent of office buildings and proximity of subway stations in Manhattan, New York. It states that office building in-line with subway stations fetch asking rents of 19 percent higher compared to addresses within two blocks of busy train platforms. It mentions that the 59th Street-Columbus Circle station had the widest gap of 58 percent in asking rents between adjacent and nearby office buildings.
- Subjects
MANHATTAN (New York, N.Y.); CBRE Inc.; RENT; OFFICE buildings; SUBWAY stations
- Publication
Journal of Property Management, 2014, Vol 79, Issue 1, p8
- ISSN
0022-3905
- Publication type
Article