At Street Level
By CANDACE TAYLOR, Staff Reporter of the Sun | September 18, 2008
Manhattan's commercial real estate market may soon be flooded with millions of square feet of available office space as a result of this week's Wall Street shakeout.
The takeover of Merrill Lynch by Bank of America, the bankruptcy of Lehman Brothers Holdings Inc., and the federal bailout of insurance giant American International Group could throw into play 10 million square feet of office space. That figure would be equivalent
to 2.2% of the total 450 million square feet of Manhattan office space.
