A century-old office tower in Manhattan's Financial District, facing an above-average vacancy rate, is valued by its owner at $25 million less than its appraisal, a sign of challenges facing Manhattan buildings that are losing tenants and hurting from the city’s slow return-to-office process.
Lower Manhattan Building Valued at $25 Million Less Than Its Appraisal Signals Market Challenges
110 William St. Has Above-Average Vacancy Rate of 36%, According to CoStar Data
By Andria Cheng
CoStar News
December 2, 2022 | 2:30 AM
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- Properties
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- Pacific Oak Capital Advisors
Finance and Insurance